Advance Auto Parts NNN
For Sale
Contact for pricing
2209 Rankin Hwy, Midland, TX 79701
Corporate-guaranteed Double Net lease with limited landlord obligations and a defined term through June 2026.
Property SizeContact for details
Days on Market144
Property Features for 2209 Rankin Hwy
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Walmart Supercenter
Traffic Count
28,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Hank Wolfer · License #WA 110547
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 5:48PM
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 Marcus & Millichap - Seattle
Investment Insights
Based on property information with market context.
This fee-simple NNN property is leased to Advance Auto Parts under a corporate-guaranteed Double Net structure, with limited landlord obligations. The current lease term runs through June 30, 2026. Advance Auto Parts has operated at the site for more than 16 years, and the lease was extended for five years in 2021.
The property occupies a signalized corner outparcel adjacent to the Walmart Supercenter at 2209 Rankin Hwy in Midland, Texas. Three separate access points support ingress and egress, while Rankin Highway records 28,000 daily traffic counts. Interstate 20 is located two blocks south, providing an additional regional access connection.
The property occupies a signalized corner outparcel adjacent to the Walmart Supercenter at 2209 Rankin Hwy in Midland, Texas. Three separate access points support ingress and egress, while Rankin Highway records 28,000 daily traffic counts. Interstate 20 is located two blocks south, providing an additional regional access connection.
Key Highlights
- Corporate‑guaranteed Double Net lease expires June 30, 2026
- Five‑year lease extension executed in 2021
- Advance Auto Parts has operated at the site for 16+ years
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
379k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 22%
Shops & Services 22%
Apparel 3%
Walmart
Superstores
84,074 visits/mo
0.4 miles
McDonald's
Dining
24,791 visits/mo
0.2 miles
Chick-fil-A
Dining
21,537 visits/mo
0.0 miles
Whataburger
Dining
21,239 visits/mo
0.1 miles
Rosa's Cafe
Dining
18,288 visits/mo
0.1 miles
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
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?
NNN property - Corporate-guaranteed Double Net lease with limited landlord obligations and a defined term through June 2026.
Where is this nnn property located?
The property is located at 2209 Rankin Hwy Midland, TX.
What are key features of this property?
This property features: Corporate‑guaranteed Double Net lease expires June 30, 2026; Five‑year lease extension executed in 2021; Advance Auto Parts has operated at the site for 16+ years
