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5407 Thomason Dr
Midland, TX 79703
Stripes Convenience Store · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,912 SF
Building Class
B
Year Built/Renovated
2002/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.62 AC
Zoning
PDSC
Parking
42 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
268’ on Thomason Dr

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

ABOUT 5407 THOMASON DR , MIDLAND, TX 79703

This Stripes property is located at 5407 Thomason Drive in Midland, Texas. Midland is a city in and the county seat of Midland County, Texas, on the Southern Plains of the state’s western area. A small portion of the city extends into Martin County. The metropolitan area is also a component of the larger Midland-Odessa, Texas Combined Statistical Area. Surrounding Retail and Points of Interest Major national retailers in the area include: Lowe’s, Kohl’s, Ashley HomeStore, Sam’s Club, Dollar General, Subway, Domino’s Pizza, Buffalo Wild Wings, and Little Caesars Pizza. The subject property benefits from its proximity to Midland International Air & Space Port, which is seven miles from the property. The airport is located halfway between Midland and Odessa and is ranked eighth in Texas for primary commercial service airports. Midland International Air & Space Port is served by American, Southwest and United Airlines. This Stripes property is located in a dense hospitality corridor. Hospitality facilities in the surrounding area include: Residence Inn, Sleep Inn & Suites, TownePlace Suites, Hilton Garden Inn, Homewood Suites, Courtyard by Marriott, SpringHill Suites, Home2 Suites, Staybridge Suites, Hawthorn Suites, La Quinta Inn, Grand Texas Hotel and Convention Center, Days Inn, and Super 8. The Grande Communications Stadium at Scharbaurer Sports Complex, a 15,000-seat stadium, is less than one mile from the property. Midland Memorial Hospital, a general medical and surgical hospital with 244 beds, is approximately two miles from this Stripes property. Traffic Counts and Demographics There are approximately 58,687 people within a three-mile radius of this property and more than 113,856 within a five-mile radius. This Stripes property is located directly on Thomason Drive, which has traffic counts in excess of 12,510 vehicles per day. Nearby, North Loop 250 West experiences average daily traffic counts of more than 51,890 vehicles. Midland, Texas Midland is the twenty-fourth most populous city in Texas. Midland’s economy still relies heavily on petroleum, however, the city has also diversified to become a regional telecommunications and distribution center. As of 2014, Midland has the lowest unemployment rate in the United States at 2.3 percent. In 2014, Forbes magazine ranked Midland as the second fastest-growing small city in the United States. Midland is the home of Midland College, which offers a variety of over 50 programs of study for associate degrees and certificates to more than 6,000 students who enroll each semester.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000055-772
Land Assessment
$353,500
Improvements Assessment
$696,500
Total Assessment
$1,050,000
  • Listing ID: 7283185

  • Date on Market: 5/18/2017

  • Last Updated:

  • Address: 5407 Thomason Dr, Midland, TX 79703

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