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McDonald's SWC W. Missouri Avenue & S. Garfield Street 4,469 SF 5-Star Retail Building Midland, TX 79701 $2,558,000 ($572.39/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20 year ground lease commencing June 2025 with 8 (5-year) option periods to extend
- 10% rent increases every 5 years of the initial term and renewal options
- Several new notable retail developments adjacent and across the street
- McDonald’s Corporate signed lease with low rent at $110,000
- Located on a one acre parcel at a signalized, hard corner intersection at the center of a dense and heavily trafficked retail corridor
- More than 134,600 residents and 66,300 employees support the trade area | $119,945 average household income
EXECUTIVE SUMMARY
• McDonald’s Corporate signed lease
• 20 years remaining with 8 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period
• 20 years remaining with 8 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,469 SF
Building Class
A
LoopNet Rating
5 Star
Year Built
2025
Price
$2,558,000
Price Per SF
$572.39
Cap Rate
4.30%
NOI
$110,017
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.03 AC
Zoning
C
Parking
43 Spaces (9.62 Spaces per 1,000 SF Leased)
Frontage
342’ on South Garfield Street
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Drive Thru
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
1 of 13
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McDonald's | SWC W. Missouri Avenue & S. Garfield Street
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