3301 Midkiff Rd Midland, TX 79705
- Retail space
Current Use by Public Records
- AT&T Store / Cell Phone Store / Cell Phone Accessory Store
- Tom Hedke Car Repair / Car Repair And Maintenance Service
Property Details for 3301 Midkiff Rd
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents the chance to acquire the leasehold interest of a 4,000 square foot AT&T storefront located at 3301 N Midkiff Rd, Midland, TX 79705. The property, situated on a 1.517-acre lot, benefits from a strong lease with AT&T (New Cingular Wireless PCS, LLC), commencing December 30, 2012, and possessing over 3.5 years remaining on the initial term, with a 1 x 5-year option including a 10% rent increase. This is a net-net (NN) lease, minimizing landlord responsibilities for the future owner. The property enjoys a prime location on Midkiff Road, a high-traffic retail corridor with over 22,000 vehicles per day (VPD), serving as a major east/west thoroughfare in Midland. Its strategic placement near an HEB-anchored shopping center and other national retail and restaurant brands further enhances its appeal. Midland, TX, boasts a metropolitan statistical area (MSA) population of 173,180, and is a thriving oil-producing region, experiencing significant growth in infrastructure, economic resources, transportation, and safety over the past decade. This investment offers sustainable cash flow and protection against inflation, making it an attractive opportunity for discerning investors. The asking price for this leasehold interest is $2,574,820.17.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1253589
- Latitude
- 32.0200042
