1308 N Main St - Storefront FOR SALE


Andrews, TX 79714
$1,240,000 USD
480-718-5555
1308 N Main St, Andrews, TX for Sale
$1,240,000 USD
Storefront - FOR SALE
1/3
null | 7.24% Cap Rate

1308 N Main St
Andrews, TX 79714


HIGHLIGHTS

  • Situated in a high-growth energy region with sustained demand for retail services.
  • Modern construction and strong tenant mix provide long-term stability and low maintenance costs.
  • Limited retail supply in the submarket boosts property’s tenant retention and leasing strength.
  • Texas is a No Income Tax State, further enhancing investor returns.
  • Anchored by Wingstop, a strong national brand tenant with proven customer pull.
  • Additional tenant: Galactic Smoke, contributing stable supplemental rental income.

OVERVIEW

The Wingstop Retail Center presents investors with a rare opportunity to acquire a modern, income-producing retail asset in the heart of Andrews, Texas, a thriving West Texas market driven by oil & gas, healthcare, and education. This ±4,200 square foot, two-tenant retail strip was constructed in 2020 and sits on ±0.36 acres along US-385/N Main Street, one of the city’s most heavily trafficked corridors with over 15,000 vehicles per day. The center is anchored by Wingstop, a nationally recognized QSR brand with strong sales performance and loyal customer base. The secondary tenant, Galactic Smoke, provides further income diversification with consistent tenant history. Together, they generate a net operating income (NOI) of $89,758, reflecting a 7.25% capitalization rate on the $1,240,000 asking price. Strategically located near major employers, schools, and retail drivers, the property benefits from consistent foot traffic and strong local demand. It's within a 3-minute drive of Permian Regional Medical Center, and near Clearfork Elementary and Andrews Middle School, serving a combined 1,600+ students. The surrounding area features national retailers such as Dollar Tree, AT&T, Hibbett Sports, Domino’s, McDonald’s, Pizza Hut, and O’Reilly Auto Parts, reinforcing the strength and stability of this retail node. With a 2024 average household income of $131,824 within a 1-mile radius, the center is well-positioned for continued tenant success and long-term rental growth. Located in income tax-free Texas, this asset provides a turnkey, low-maintenance investment with reliable cash flow and upside potential in an under-supplied retail market.

FOR SALE DETAILS

PRICE

$1,240,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WINGSTOP RETAIL CENTER – ANDREWS, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C

APN/PARCEL ID

000000008317

ASK ABOUT THIS PROPERTY

Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.