Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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