Retail Space /TX /Midland County /Midland /2810 W Texas 250 Loop Frontage Rd
Retail Space /TX /Midland County /Midland /2810 W Texas 250 Loop Frontage Rd

2810 W Texas 250 Loop Frontage Rd - Retail FOR SALE


Midland, TX 79705 | 
713-852-3535
2810 W Texas 250 Loop Frontage Rd, Midland, TX for Sale
Retail - FOR SALE
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2810 W Texas 250 Loop Frontage Rd
Midland, TX 79705

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HIGHLIGHTS

  • 100% Occupied with impressive 9.3 Year Average Tenure; 17 of 26 tenants are original to the development
  • Significant upside via 19% below market rents
  • 4.81% 10-YR CAGR
  • Excellent visibility with frontage along Loop 250 seeing 58,152 VPD
  • Ability to lower basis via sell down of single and multi-tenant pad buildings

OVERVIEW

JLL is pleased to present The Commons at North Park ("The Property") a 110,137-neighborhood retail center in Midland, Texas. The Property is currently 100% to a diverse range of tenants featuring an approximately 19% mark-to-market opportunity and 3.7 years of weighted average lease term.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commons at North Park

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

10.74 AC

LAND SF

467,834 SF

ZONING

-

APN/PARCEL ID

R000211-793

ASK ABOUT THIS PROPERTY

Ryan WestJLLMore Info
713-852-3535

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Ryan WestJLLMore Info
713-852-3535

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