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Property profile

6409 Tx-349 Midland, TX 79705

OFF-MARKET
Retail properties & Spaces
8,500 SF Built 2024
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Property summary

AI-generated overview

This exceptional new retail shopping center, totaling 8,500 square feet, is situated on a 1.15-acre lot in rapidly developing Midland County, Texas. Completed in 2024, the center offers three available spaces ranging from 1,000 to 1,250 square feet each. The modern design boasts high-quality finishes and unique architectural features. Tenants benefit from a Tenant Improvement (TI) Allowance, enabling personalized space customization. The flexibility extends to shell space options, catering to a variety of business needs. This prime location boasts excellent visibility from TX-349, a major thoroughfare, and includes pylon signage opportunities. The property's strategic placement within one of the Permian Basin's fastest-growing residential areas is further enhanced by the imminent arrival of 2,000 new homes, ensuring a robust and expanding customer base. This presents a rare opportunity to establish a business in a thriving community with significant future growth potential. Delivery is scheduled for Q2 2024.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 8,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6409 Tx-349 Midland, TX 79705
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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