Listing Agency: Pharma Property Group Show Phone

Listed By: Jason Pongsrikul · License #CA 01918332

Source: Crexi

Added: Jul 21 Changed: Aug 29 Last Checked: Aug 29 at 6:22PM

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Investment Insights

Based on property information with market context.

This retail space is identified as Walgreens and contains 14,820 SF. The property is located at 4313 Andrews Highway in Midland, Texas, with a reported 5.50% CAP. The asset is offered for sale.

Key Highlights

• 14,820 SF retail space
• Reported 5.50% CAP
• Located at 4313 Andrews Highway, Midland, TX 79703

Property Analytics

Property Profile

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Cardtronics ATM Atm Walgreens Pharmacy Pharmacy Rebeka Primera, Pharm Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Big Box & Wholesale Store HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

486

Businesses Nearby

50k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 65% Shops & Services 32% Home Improvements & Furnishings 3%

Stripes Shops & Services

15,283 visits/mo 0.1 miles

Taco Bell Dining

12,421 visits/mo 0.1 miles

Taco Villa Dining

10,018 visits/mo 0.2 miles

Arby's Dining

5,218 visits/mo 0.2 miles

SUBWAY Dining

2,270 visits/mo 0.1 miles

Demographics for 79703, TX

21,205

Population

8,110

Households

2.6

Avg Household Size

33

Median Age

20%

College-Educated

83%

High-School Grad

6.5 sq mi

ZIP Area

3,262

Density / Sq Mi

$80,281

Median Household Income

$44,977

Median Earnings

$1,466

Median Rent

$220,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property along Andrews Highway in Midland, offered for sale with a 5.50% CAP.

Where is this retail space located?

The property is located at 4313 Andrews Highway Midland, TX.

What are key features of this property?

This property features: 14,820 SF retail space; Reported 5.50% CAP; Located at 4313 Andrews Highway, Midland, TX 79703