3320 Loop 250 Midland, TX 79707
- Retail properties
- 3,294 SF
- 0.87 lot acres
Current Use by Public Records
- Hawaiian Bros Island Grill / Hawaiian Restaurant
- Hawaiian Bros. Island Grill / American Restaurant
Property Details for 3320 Loop 250
- Year built
- 2023
- Lot size
- 0.87 lot acres
- Property size
- 3,294 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,294 square foot Hawaiian Bros restaurant in Midland, Texas, built in 2023. The property sits on a 0.87-acre lot and benefits from a 20-year absolute NNN lease with Stine Enterprises, a proven operator of 127 units across three major brands. The lease commenced September 1, 2024, and includes 8% rent bumps every five years, extending through November 1, 2044. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $280,000. Located on West Loop 250, a major thoroughfare with over 52,700 vehicles per day, this location enjoys high visibility and accessibility. Its proximity to Midland College (over 5,180 students and 800 employees) and Midland Park Mall (a large shopping center with major retailers) further enhances its appeal. Hawaiian Bros is a rapidly expanding brand with high average unit volumes, making this a secure and lucrative investment. The asking price is $4,870,000, representing a price per square foot of $1,478.45. This is a sale-leaseback transaction with a corporate guarantee, offering exceptional stability and long-term growth potential in a thriving Texas oil and gas region with a population exceeding 134,755.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.132
- Latitude
- 32.0338
