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TBD FM 307 8728 Fm 307
1,500 - 3,000 SF of Retail Space Available in Midland, TX 79706
Highlights
- -FM 307 Frontage
- -Custom Build-Out
- -$28/ Sq Ft
- -14,500+ Traffic Count
- -Min. Divisible: 1,500 SF
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-3,000 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $7,000 /MO $84,000 /YR | Triple Net (NNN) |
1st Floor
Custom built retail spaces tailored to your business needs. The minimum divisible space for lease is 1,500 square feet priced at $28/sq ft. Breaking ground starting Dec 2023.
- Lease rate does not include utilities, property expenses or building services
- FM 307 Frontage
- 14,500+ Traffic Count
- Custom Build-Out
- Min. Divisible: 1,500 SF
- $28/ Sq Ft
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 8728 Fm 307 , Midland, TX 79706
| Min. Divisible | 1,500 SF | Gross Leasable Area | 12,000 SF |
| Property Type | Retail | Construction Status | Proposed |
| Property Subtype | Storefront |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,000 SF |
| Construction Status | Proposed |
About the Property
Location: The property is centrally located in Greenwood, which is experiencing rapid expansion. FM 307 frontage is very limited and this is a great opportunity to tap into the Greenwood market. It is only two miles west of Greenwood schools, making it convenient for families with school-age children. Additionally, it's situated in the midst of several new housing developments, which indicates a potential customer base. Custom Retail Sites: Within the retail center, we are offering custom retail sites. Businesses interested in leasing space in the retail center can customize the layout or features of their units to suit their specific needs. Pricing: The leasing price for the retail space is $28 per square foot.
Presented by
Invest Texas Real Estate, LLC
TBD FM 307 | 8728 Fm 307
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