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    OFF-MARKET
    Retail properties & Spaces

    3320 Loop 250, Midland, TX 79707

    3,294 SF 0.87 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Year built 2023
    Total area 3,294 SF
    Lot 0.87 ac (37,897 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hawaiian Bros Island Grill Restaurant
    • Hawaiian Bros. Island Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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