New 7 Brew
2201 W Texas Ave Midland, TX
For Sale
Contact for pricing
New construction 7 Brew drive-thru with a long-term NNN lease.
Property Size510 SF
Lot Size0.50 Acres
Price / SF$3,905
Days on Market821
Property Features for 2201 W Texas Ave
General Information
- Standard status
- Active
- Size
- 510 SF
- Lot size
- 0.50 Acres
- Property subtype
- RETAIL
Listing Agency:
Secure Net Lease - Dallas
(469) 694-4189
Listed By:
Kyle Varni · License #707940
(469) 694-4189
Source:
Moodyscre
Added: Apr 25, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:15AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
7 Brew Coffee
Cafe & Coffee Shop
Similar Off Market Nearby
- Higher Grounds Coffee Shop — 403 Andrews Hwy, Midland, TX 79701
- Far West Coffee — 2040 W Cuthbert Ave, Midland, TX 79701
- 7 Brew Coffee — 2201 W Texas Ave, Midland, TX 79701
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
