Net Leased QSR
For Sale
Contact for pricing
1822 Midland Dr, Midland, TX 79707
Arby’s absolute NNN lease offers 12.2 years remaining with scheduled annual rent increases and four 5-year options.
Property Size2,831 SF
Lot Size0.62 Acres
Days on Market141
Property Features for 1822 Midland Dr
General Information
Standard status
Active
Size
2,831 SF
Lot size
0.62 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 21 at 7:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
This Arby’s net lease property is offered for sale as an absolute NNN investment. The site totals 0.62 acres and includes a 2,831-square-foot Arby’s restaurant. The current lease has approximately 12.2 years remaining, with 1.75% annual rent increases and four 5-year renewal options.
The property is located at 1822 Midland Dr in Midland, Texas. The CBRE Net Lease Property Group notes the restaurant has been operating for over 35 years and represents Arby’s only location in Midland, with the next closest store approximately 18 miles west in Odessa. The site is operated by Turbo Restaurants (tenant), part of Sun Holdings Inc., which currently operates 230 Arby’s locations throughout Texas.
The property is located at 1822 Midland Dr in Midland, Texas. The CBRE Net Lease Property Group notes the restaurant has been operating for over 35 years and represents Arby’s only location in Midland, with the next closest store approximately 18 miles west in Odessa. The site is operated by Turbo Restaurants (tenant), part of Sun Holdings Inc., which currently operates 230 Arby’s locations throughout Texas.
Key Highlights
- 2,831 SF Arby’s on 0.62 acres in Midland, Texas
- Absolute NNN lease with 12.2 years remaining
- Scheduled 1.75% annual rent increases
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 33%
Home Improvements & Furnishings 3%
Beauty & Spa 1%
Stripes
Shops & Services
15,283 visits/mo
0.1 miles
Taco Bell
Dining
12,421 visits/mo
0.1 miles
Taco Villa
Dining
10,018 visits/mo
0.1 miles
Arby's
Dining
5,218 visits/mo
0.1 miles
SUBWAY
Dining
2,270 visits/mo
0.1 miles
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Arby’s absolute NNN lease offers 12.2 years remaining with scheduled annual rent increases and four 5-year options.
Where is this conventional restaurant located?
The property is located at 1822 Midland Dr Midland, TX.
What are key features of this property?
This property features: 2,831 SF Arby’s on 0.62 acres in Midland, Texas; Absolute NNN lease with 12.2 years remaining; Scheduled 1.75% annual rent increases
