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3325 W Wadley Ave
Midland, TX 79707

HEB Grocery · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
119,221 SF
Building Class
B
Year Built/Renovated
1996/2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.85
Lot Size
3.22 AC
Zoning
PDSC
Parking
10 Spaces per 1,000 SF Leased

ABOUT 3325 W WADLEY AVE , MIDLAND, TX 79707

The subject property is strategically located with excellent access and visibility in a strong retail corridor near the signalized intersection of West Wadley Avenue (27,246 AADT) and North Midkiff Road (25,769 AADT). The site benefits from strong demographics with a population of 134,284 within a five mile radius. The site benefits from affluent demographics with an annual household income of $119,983 within one mile of the site, and more than 43% of surrounding households earn more than $100,000 annually. The ground lease benefits from a strong retail location neighboring numerous major retailers. Starbucks and a liquor store are located outparcel to the H-E-B; because Texas liquor laws prohibit sale of hard alcohol by grocery stores, both tenants draw significant additional traffic to the site. Walgreens, the US Post Office, AT&T, Whataburger, and more are located across the street from the site. The site is located less than one mile from Midland Park Mall, the only regional mall in a 125-mile radius, with major tenants including Dillard’s, Bealls, Ross, Old Navy, Ulta, and more. Other major retailers neighboring the site include TJ Maxx and Homegoods, Hobby Lobby, Big Lots, Best Buy, Office Depot, Tuesday Morning, Sally Beauty, Toys R Us, Bed Bath & Beyond, and more. The subject property is additionally located in close proximity to Trinity School, Parker Elementary School, Rusk Elementary School, and Robert E. lee High School, all of which draw additional traffic from students, teachers, and parents proximal to the site. The site also neighbors Midland College, a comprehensive community college. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

PROPERTY TAXES

  • Listing ID: 11815324

  • Date on Market: 3/5/2018

  • Last Updated:

  • Address: 3325 W Wadley Ave, Midland, TX 79707