2201 W Texas Ave Midland, TX
Call to check price and availability
New construction 7 Brew drive-thru with a long-term NNN lease.
Type:RETAIL
Property size:
510 SFLot size:
0.50 AcresPrice / SF:
$3,905/SF- Added:
- Apr 25, 2024
- Days on Market:
- 731
- Last Refresh:
- Apr 5 at 11:20 pm
Property Features for 2201 W Texas Ave
General Information
- Standard status
- Active
- Size
- 510 SF
- Lot size
- 0.50 Acres
- Property subtype
- RETAIL
Listing agent Kyle Varni (469) 694-4189
Listing office Secure Net Lease - Dallas (469) 694-4189
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
Overview
New 7 Brew Drive-Thru
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
Insight Report
Location Intelligence
Current Use by Public Records
7 Brew Coffee
Cafe & Coffee Shop
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
Nearby Similar for Sale
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
