2201 W Texas Ave Midland, TX 79701
Property profile & analytics
2201 W Texas Ave, Midland, TX 79701
- Retail space
- 510 SF
- 0.48 lot acres
Property ID
US83-3338327
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Location Intelligence
Current Use by Public Records
- 7 Brew Coffee / Cafe & Coffee Shop
Property Details for 2201 W Texas Ave
- Year built
- 2024
- Lot size
- 0.48 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew drive-thru coffee shop situated on a 0.48-acre lot in Midland, Texas. Built in 2024, the property boasts a 15-year absolute NNN ground lease with a corporate guarantee, commencing February 1, 2024, and expiring February 1, 2039. The lease includes three 5-year renewal options and features a 10% rent increase every five years. The property's strategic location at the signalized intersection of W Wall Street (14,800+ vehicles per day) and Andrews Highway (33,567+ vehicles per day) provides exceptional visibility and accessibility. Its adjacency to Midland Memorial Hospital, the largest hospital in the Midland-Odessa area, with over 2,500 employees, 225+ beds, and over $1.3 billion in annual revenue, ensures a substantial customer base. The surrounding area demonstrates strong demographics, with average household incomes exceeding $133,000 within a 1, 3, and 5-mile radius. The 5-mile radius encompasses over 135,000 people. The property offers a 6.00% cap rate with a net operating income (NOI) of $119,500 and an asking price of $1,991,700 ($3,905.29 per square foot). 7 Brew's unique drive-thru business model contributes to its high annual revenue exceeding $2.4 million. Midland's projected growth as one of the fastest-growing mid-sized cities in the country, coupled with a Metropolitan Statistical Area (MSA) population exceeding 338,085, further enhances the investment potential. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.098533
- Latitude
- 31.994244
