5509 Andrews Hwy | Midland, TX 79706
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- LoopNet Team
5509 Andrews Hwy
Midland, TX 79706
Rodeo Dental | 15 Year Lease | 6.50% Cap · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Ideal 1031 Exchange Property – With minimal landlord responsibilities, strong rent increases, and fifteen years of term remaining
- The property is located in a high-traffic retail corridor with dozens of national tenants and is outparceled to a Walmart Supercenter.
- Interior build-out costs for dental offices can be north of $200/SF, especially for offices that offer dental specialty services
- this is an ideal property for local or out of state investors looking for consistent passive cash flow with.
- Sticky Investment – Dental offices rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
- Income Tax Free State – Texas is a zero income tax state.
PROPERTY FACTS
Property Type
Building Size
5,626 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.84 AC
Zoning
F1
Parking
14 Spaces (2.49 Spaces per 1,000 SF Leased)
Frontage
209’ on Andrews Highway
PROPERTY TAXES
| Parcel Number | R000051-293 | Improvements Assessment | $1,027,995 |
| Land Assessment | $220,850 | Total Assessment | $1,248,845 |
PROPERTY TAXES
Parcel Number
R000051-293
Land Assessment
$220,850
Improvements Assessment
$1,027,995
Total Assessment
$1,248,845
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