Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale a fully occupied, single-tenant investment property in Midland, TX, Blue Sky Texas. The property was renovated in 2021 to become one of Blue Sky Texas’ newest locations in West Texas. The tenant signed a 10-year lease that has approximately 7.5-years remaining on the primary term. The subject property is ideally located with frontage along the high trafficked, North Loop 250, where traffic counts exceed 52,000+ vehicles per day. The median household income within a 1-mile radius of the property exceeds $91,000 for 11,000+ residents. Notable nearby retailers include: Market Street, Hobby Lobby, Burlington Coat Factory, TJ Maxx, Natural Grocers, Michaels, Aaron’s, Norther Tool+Equipment, Barnes & Noble, Best Buy, Cavender’s, OfficeDepot, various restaurant brands, and the Midland Park Mall. With a longterm lease in place and an automatic rental escalation beginning in year-6 of the primary lease term, this property is the ideal investment asset for a 1031 exchange and/or investor looking for simple passive income. NNN Lease with minimal landlord responsibilities Longterm Lease with (2) 5-year options to renew Strong Location in dense retail corridor and close to Midland Regional Mall
| Property Type | Retail |
|---|---|
| Listing ID | TJC9RB |
| Style | Hosp. Restaurant |