2201 W Texas Ave Midland, TX 79701

This property features a newly constructed, approximately 510-square-foot building situated on a 0.48-acre site. It is currently under a brand new 15-year absolute NNN ground lease, which includes 10% rental increases every 5 years and three 5-year options to renew. The property is located right off the signalized intersection of W Wall St, with over 14,800 vehicles per day, and Andrews Hwy, with over 33,567 vehicles per day. It is adjacent to Midland Memorial Hospital, the largest hospital in the Midland-Odessa area, which has over 2,500 employees and 225+ beds, and generates over $1.3 billion in revenue. The average household income in a 1, 3, and 5-mile radius is over $133,000. The 5-mile radius has over 135,000 people and an average household income over $151,000. Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business and sees over $2.4M in annual revenue. Midland is projected to be the fastest-growing mid-sized city in the country, with an MSA population of 338,085.