1008 Main St Andrews, TX 79714
- Commercial real estate
- 880 SF
- 0.83 lot acres
Current Use by Public Records
- Scooter's Coffee / Coffee Shop
Property Details for 1008 Main St
- Lot size
- 0.83 lot acres
- Property size
- 880 SF
- Property type
- Commercial real estate
- APN
- 04351-00010-0000
- APU
- 4351000100000
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new Scooter's Coffee location in Andrews, Texas. The 664-square-foot building, constructed in 2024, sits on a half-acre lot at 1008 N Main St, 79714, boasting 100% occupancy. The property benefits from a 10-year absolute triple-net (NNN) lease with a franchisee tenant, ensuring minimal landlord responsibilities. Rent increases are structured at 10% every five years, providing a hedge against inflation. The lease includes four (4) five (5) year renewal options. The asking price is $1,428,571, representing a 7.00% cap rate and a $2,151.46 price per square foot, with a current NOI of $100,000. This prime location on North Main Street, experiencing 10,000 vehicles per day, is surrounded by other national retailers and benefits from a high average household income of $97,208 within a five-mile radius. The Andrews, TX location is conveniently situated 35 miles northwest of the Midland-Odessa MSA. This is a strong investment opportunity with a well-established brand and a secure, long-term lease. The franchisee's commitment to multiple store openings further strengthens this investment's potential. The property is projected to be a high-performing location within the Scooter's Coffee system.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
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Location Insight
- Map
- Local Demand
- City
- Andrews
- County
- Andrews
- State
- Texas
- Longitude
- -102.549
- Latitude
- 32.3295
- CBSA code
- 11380
- CBSA name
- ANDREWS, TX MICROPOLITAN STATISTICAL AREA
