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5313 Frontage Rd Midland, TX

For Sale
$2,200,000

20-year absolute NNN lease with strong sales.

Property size:
2,040 SF
Lot size:
0.73 Acres

Property Features for 5313 Frontage Rd

General Information

Size
2,040 SF
Lot size
0.73 Acres

Source: eXp Commercial - TX Agent Daniel C. Eng, CCIM | CPM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Lease Investment Opportunity

This property offers an investment opportunity with a 20-year sale-leaseback on an absolute NNN fee-simple lease, structured as a land and building lease, allowing the investor to depreciate the asset. The lease features a strong personal guarantee from an experienced operator with 18 units. Rent increases are scheduled at 10% every 5 years throughout the initial term and option periods, providing a hedge against inflation. The location reports strong sales, placing it in the top 20% of stores nationwide. The property is approximately 2,040 square feet.
Location Intelligence

Current Use by Public Records

Storefront properties

Map

City
Midland
County
Midland
State
Texas
Longitude
-102.080975
Latitude
31.991745

FAQs

What type of property is this?
Storefront property - 20-year absolute NNN lease with strong sales.
Where is this storefront property located?
The property is located at 5313 Frontage Rd Midland, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - 20-year absolute NNN fee-simple lease with no landlord responsibilities; - Strong personal guaranteed lease from experienced 18-unit operator; - 10% rent increases every 5 years providing a hedge against inflation
More about this property
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