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    Monahans Retail Investment Opportunity Title is generated by Realmo AI

    405 S Main Ave, Monahans, TX

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    Retail property with long-term leases in Monahans, Texas.

    Type:RETAIL
    Property size:
    19,267 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $123/SF
    Added:
    Jun 4, 2024
    Days on Market:
    736
    Last Refresh:
    May 20 at 8:08 pm

    Property Features for 405 S Main Ave

    General Information

    Standard status
    Active
    Size
    19,267 SF
    Lot size
    0.56 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Eric Kelley

    Listing agent Chance Hales License #TX 697980

    Listing office Trinity Real Estate Investment Services - Corporate

    Listing date Jun 4, 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 Trinity Real Estate Investment Services - Corporate

    HighLights

    • Two national tenants, Dollar Tree and Family Dollar, with co‑terminus leases
    • Tenants fully responsible for taxes, insurance, and 100% of CAM costs
    • Attractive lease structures with monthly installments for expenses
    • Located on a corner lot along Monahans' main thoroughfare
    • Strong local economy in the heart of the Permian Basin
    • Over 7 years remaining on current leases

    Overview

    This 19,267-square-foot retail property is located on a corner lot along Monahan’s main thoroughfare. The property is situated in Monahans, Texas, directly along I-20, approximately 35 miles from Odessa, with a population of around 7,500. The building is divided into two separate units with a wall separating the tenants. Dollar Tree and Family Dollar occupy the spaces, with over seven years remaining on their current co-terminus leases. The tenants are fully responsible for taxes, insurance, and 100% of all CAM costs, with attractive lease structures that involve monthly installments for these expenses rather than year-end reimbursements. The property benefits from a strong local economy, being located in the heart of the Permian Basin, which accounts for a third of US oil production.
    Property Profile Location Intelligence

    Current Use by Public Records

    Whaley Jessica Medical Clinic Family Dollar Discount Store Mr. William Dodson Physician Speed J C Employment Agency Paradigm Physical Therapy Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.892
    Latitude
    31.5917

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    FAQs

    What type of property is this?
    Strip mall - Retail property with long-term leases in Monahans, Texas.
    Where is this strip mall located?
    The property is located at 405 S Main Ave Monahans, TX.
    What is the asking price?
    The asking price for this property is $2,376,685.
    What are key features of this property?
    This property features: Two national tenants, Dollar Tree and Family Dollar, with co‑terminus leases; Tenants fully responsible for taxes, insurance, and 100% of CAM costs; Attractive lease structures with monthly installments for expenses
    (817) 304-8916 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Kelley
    Real Estate License ID: TX 697980
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