SWC W. Missouri Avenue & S. Garfield Street - Fast Food FOR SALE
Midland, TX 79701 |
$2,933,000 USD
929-229-2614
SWC W. Missouri Avenue & S. Garfield Street
Midland, TX 79701
HIGHLIGHTS
- New 20 year ground lease commencing June 2025 with 8 (5-year) option periods to extend
- McDonald’s Corporate signed lease with low rent at $110,000
- 10% rent increases every 5 years of the initial term and renewal options
- Located on a one acre parcel at a signalized, hard corner intersection at the center of a dense and heavily trafficked retail corridor
- Several new notable retail developments adjacent and across the street
- More than 134,600 residents and 66,300 employees support the trade area | $119,945 average household income
FOR SALE DETAILS
PRICE
$2,933,000 USD
PRICE/SF
$656 USD /SF
CAP RATE
3.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
McDonald's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
C
APN/PARCEL ID
R000058-039
ASK ABOUT THIS PROPERTY
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929-229-2614
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929-229-2614
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
