6409 Big Spring St Midland, TX 79705
This brand-new, 8,500 square foot retail center in Midland, Texas, offers 9,500 square feet of vacant space, divisible into units ranging from 1,000 to 2,500 square feet. Located on 1.15 acres at 6409 N Big Spring St, 79705, it boasts over 200 feet of highway frontage on TX-349, enjoying high visibility with an average daily traffic count of approximately 19,000 vehicles. The center is situated in a rapidly expanding residential area of Midland County, with an anticipated influx of 2,000 new homes. This prime location offers excellent potential for businesses seeking high traffic exposure. The property features unique architectural design and high-quality finishes. Tenant Improvement (TI) allowances are available, and shell space options provide flexibility for diverse business needs. Pylon signage is also available. Delivery is expected in Q2 2024. This is a rare opportunity to secure retail space in one of the Permian Basin's fastest-growing areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.