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    New 7 Brew Drive-Thru Title is generated by Realmo AI

    2201 W Texas Ave, Midland, TX

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    New construction 7 Brew drive-thru with a long-term NNN lease.

    Type:RETAIL
    Property size:
    510 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $3,905/SF
    Added:
    Apr 25, 2024
    Days on Market:
    776
    Last Refresh:
    May 20 at 10:00 pm

    Property Features for 2201 W Texas Ave

    General Information

    Standard status
    Active
    Size
    510 SF
    Lot size
    0.50 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Kyle Varni
    Kyle Varni

    Listing agent Kyle Varni

    Listing office Secure Net Lease - Dallas

    Listing date Apr 25, 2024

    Source Moodyscre

    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 Secure Net Lease - Dallas

    HighLights

    • 15‑year absolute NNN ground lease with 10% rental increases every 5 years & (3) 5‑year options to renew
    • High traffic location: right off the signalized intersection of W Wall St (14,800+ VPD) & Andrews Hwy (33,567+ VPD)
    • Adjacent to Midland Memorial Hospital with 2,500+ employees
    • Strong demographics: average HH income over $133,000 in 1, 3, and 5‑mile radius
    • High revenue business model: 7 Brew’s unique drive‑thru business model sees over $2.4M in annual revenue
    • New construction: built in 2024 on 0.48+/- acre site

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    7 Brew Coffee Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • River Coffee Co. — 409 S Pecos St, Midland, TX 79701
    • Dolores Corner Cafe — 415 W Wall St #104, Midland, TX 79701
    • Matteos — 508 W Wall St # 150, Midland, TX 79701
    • Permian Cafe — 2801 S Crd 1180,, Midland, TX 79706
    • East land Tx — 363-399 W Wall St, Midland, TX 79701

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.099
    Latitude
    31.9942

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    FAQs

    What type of property is this?
    Coffee shop - New construction 7 Brew drive-thru with a long-term NNN lease.
    Where is this coffee shop located?
    The property is located at 2201 W Texas Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $1,991,700.
    What are key features of this property?
    This property features: 15‑year absolute NNN ground lease with 10% rental increases every 5 years & (3) 5‑year options to renew; High traffic location: right off the signalized intersection of W Wall St (14,800+ VPD) & Andrews Hwy (33,567+ VPD); Adjacent to Midland Memorial Hospital with 2,500+ employees
    (469) 694-4189 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Varni
    Kyle Varni
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