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Off Market
1/4

2106 Rankin Hwy
Midland, TX 79701


HIGHLIGHTS

  • Tractor Supply anchored center
  • 8 years remaining on Tractor Supply lease with built in rental escalations
  • Adjacent to other quality retail, including Walmart Supercenter and Boot Barn
  • 90% + of the center does not roll until 2027
  • Located in a dense retail and residential area; 118,073 people within a 5-mile radius
  • Long-term, stabilized cash flow. Priced below replacement cost

OVERVIEW

Gateway Center (“Property”) is a 50,000 square foot, multi-tenant retail center located in Midland, TX. The property consists of one standalone big box, two in-line buildings, and one restaurant pad site. Occupancy is currently at 95.76% with a tenant mix including Tractor Supply Co., Cici’s Pizza, Little Caesar’s, Verizon Wireless, and Dickey’s BBQ. The Property sits on 5.838 acres of land that offers easy access to main thoroughfares including Rankin Highway and I-20.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Gateway Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

7524

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

182

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

R000009-471