Marcus & Millichap is pleased to present the opportunity to acquire a 42,345-square-foot, multi-tenant retail plaza located in Midland, TX. The plaza is currently 86 percent occupied with a strong mix of recession-resistant tenants with triple-net leases. There are 26 suites spread out in five buildings on over four acres of land.
- 86% Occupied Retail Center | 49% of the GLA has NNN Leases
- Value-Add Newer Construction with Upside on Lease-Up
- Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses and Restaurants
- Comprised of Five Buildings Situated on 4.33 Acres of Land
- Buildings Feature Metal Roofs and Awnings | Three Suites have Drive-Thru Windows
- Located on FM 307 | Traffic Counts Are Approximately 10,111 Vehicles Per Day
- Extremely Affluent Surrounding Area | Average Household Income within One Mile is $170,505
- Close Proximity to New Residential Developments Including Vander Ranch by DR Horton, Silver Leaf Homes and Saddleback Estates
- Neighboring Tarzan & Jane Travel Center with HTeaO and Valero Completed in 2024
