5315 Loop 250 - Fast Food FOR SALE


Midland, TX 79707- Fairmont Park
$2,400,000 USD
949-350-5431
5315 Loop 250, Midland, TX for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/6
null | 6.25% Cap Rate

5315 Loop 250
Midland, TX 79707
Fairmont Park


HIGHLIGHTS

  • Successful Store Operating with a $200,000 Profit
  • New, 15-Year Sale-Leaseback with Personal Guaranty
  • Ranked in the Top 25% of the Entire Wienerschnitzel System

OVERVIEW

-Successful Store Operating with a $200,000 Profit -New, 15-Year Sale-Leaseback with a 15-Year Personal Guaranty -Ranked in the Top 25% of the Entire Wienerschnitzel System ---Prime Retail Location--- -Highly-Trafficked Location Located on Loop 250 with a Traffic Count Over 63,000 CPD -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Lowe’s, Walmart, Home Depot, Carl’s Jr, Verizon, Lucky Strike, Kohl’s, Sherwin-Williams, Cracker Barrel, and Many More -Texas is an Income Tax-Free State ---Experienced Wienerschnitzel Franchisee--- -Experienced Multi-Unit & Brand Operator with 25+ Years of Experience and More than 25 Units Across Multiple Concepts Throughout California, Texas, Utah, and New Mexico -Franchisee Intends to Continue Growing Further Wienerschnitzel Locations. Guaranty Will Grow Over Time -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation ---Pride of Ownership Midland--- -Affluent Area with the Average Household Income Exceeding $125,000 within 3 Miles -Proximity to Major Educational Hub - Located just 5 miles from Midland College, a Community College with over 5,180 students and more than 800 Faculty and Staff -Proximity to Major Aviation & Aerospace Infrastructure - 10 Miles from Midland International Air & Space Port, the First Jointly Located Spaceport and Airport in the World that Currently Serve 43 counties in Texas and New Mexico. Also, 5 Miles from Midland Airpark, a Vital Hub for the Region’s Business and Corporate Aviation Traffic. -Positioned in a Rapidly Growing Market - Midland is Recognized as One of the Most Economically Dynamic Cities in the United States. The Kenan Institute’s American -Growth Project Recently Ranked Midland as the #1 Fastest-Growing Mid-Sized City in the Nation Based on Potential GDP Growth of 9.4% Broker of Record: Tim Speck | Dallas, TX | Lic #: 9002994

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,176 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wienerschitzel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

R000215351

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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