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931 FM 1821
Mineral Wells, TX 76067
Mineral Plaza · Retail Property For Sale
Investment Highlights
- Two Tenant Strip with 10 Year Leases at or Below Market Rent
- Located Along Highway 180 (19K VPD)
- 2.9M Annual Visits to Adjacent Walmart
- Low-Maintenance, Easy-to-Manage Investment Profile
Executive Summary
Mineral Plaza is a fully leased two-tenant strip center positioned next to the region’s only Walmart Supercenter, generating over 2.9M annual visits. Located along Highway 180 (~19,000 VPD) in the primary retail corridor, the property benefits from strong visibility, national co-tenancy, and consistent consumer flow. With service-oriented tenants on new 10-year leases, this is a clean, necessity-based retail play in a growing North Texas market just outside the DFW Metroplex.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,787 SF
Building Class
C
Year Built
2017
Price
$2,107,000
Price Per SF
$364.09
Cap Rate
6.33%
NOI
$133,373
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
45 Spaces (7.78 Spaces per 1,000 SF Leased)
Frontage
300’ on FM 1821
Amenities
- 24 Hour Access
- Banking
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 33353 | Improvements Assessment | $592,990 |
| Land Assessment | $245,760 | Total Assessment | $838,750 |
Property Taxes
Parcel Number
33353
Land Assessment
$245,760
Improvements Assessment
$592,990
Total Assessment
$838,750
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