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7 Brew Coffee 2201 W Texas Ave

510 SF Retail Building Midland, TX 79701 $1,991,700 ($3,905/SF) 6% Cap Rate

Retail Space Texas Midland 2201 W Texas Ave, Midland, TX 79701

Investment Highlights

  • Brand New 15-Year Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years & (3) 5-Year Options to Renew
  • Adjacent to Midland Memorial Hospital, the Largest Hospital in Midland-Odessa with 2,500+ Employees, 225+ Beds, & Generates $1.3 Billion in Revenue
  • Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
  • Located Right off the Signalized Intersection of W Wall St (14,800+ VPD) & Andrews Hwy (33,567+ VPD)
  • Average HH Income in a 1, 3, 5-Mile Radius Are All Over $133,000. The 5-Mile Radius Has Over 135,000 People and an Average HH Income Over $151,000.
  • Midland | Projected to be the Fastest Growing Mid-Sized-City in the Country | MSA Population: 338,085+

Attachments

SECURE NET LEASE OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
510 SF
Building Class
B
Year Built
2024
Price
$1,991,700
Price Per SF
$3,905
Cap Rate
6%
NOI
$119,502
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.48 AC
Zoning
LR2

Links

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Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

7 Brew Coffee
Sunbelt Rentals
Rosa's Cafe
9round Fitness
Truist
United Supermarkets

PROPERTY TAXES

Parcel Number R000052-248 Improvements Assessment $14,790
Land Assessment $84,000 Total Assessment $98,790

PROPERTY TAXES

Parcel Number
R000052-248
Land Assessment
$84,000
Improvements Assessment
$14,790
Total Assessment
$98,790
(469) 694-4189

Contacts

  • Listing ID: 31448960

  • Date on Market: 4/8/2024

  • Last Updated:

  • Address: 2201 W Texas Ave, Midland, TX 79701

More public record information on 2201 W Texas Ave, Midland, TX 79701

The Retail Property at 2201 W Texas Ave, Midland, TX 79701 is currently available for sale. Contact Secure Net Lease for more information.

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7 Brew Coffee | 2201 W Texas Ave
(469) 694-4189 x

7 Brew Coffee | 2201 W Texas Ave

1/2

Kyle Varni

(469) 694-4189

(469) 694-4189

Joseph Caputo

(424) 220-6432

(424) 220-6432

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