3320 Loop 250Midland, TX 79707

For Sale
$4,870,000

Midland, TX: High-growth QSR Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 3,294 square foot Hawaiian Bros restaurant in Midland, Texas, built in 2023. The property sits on a 0.87-acre lot and benefits from a 20-year absolute NNN lease with Stine Enterprises, a proven operator of 127 units across three major brands. The lease commenced September 1, 2024, and includes 8% rent bumps every five years, extending through November 1, 2044. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $280,000. Located on West Loop 250, a major thoroughfare with over 52,700 vehicles per day, this location enjoys high visibility and accessibility. Its proximity to Midland College (over 5,180 students and 800 employees) and Midland Park Mall (a large shopping center with major retailers) further enhances its appeal. Hawaiian Bros is a rapidly expanding brand with high average unit volumes, making this a secure and lucrative investment. The asking price is $4,870,000, representing a price per square foot of $1,478.45. This is a sale-leaseback transaction with a corporate guarantee, offering exceptional stability and long-term growth potential in a thriving Texas oil and gas region with a population exceeding 134,755.

Highlights

  • 2023-built, 3,294+/- SF building on a 0.87+/- acre lot.
  • 20-year absolute NNN lease with 8% rent increases every 5 years, including options.
  • Rent is 8.00% of gross sales.
  • Tenant is Stine Enterprises, operating 127 units across Jack in the Box, Denny's, and Hawaiian Bros brands.
  • Located on W Loop 250 (52,700+ VPD), a major Midland thoroughfare.
  • One mile from Midland College (5,180+ students, 800+ employees).

Property Details for 3320 Loop 250

Property type
Other retail properties, Individual retail properties
Square Feet
3,294 SF
Year Built
2023
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.0337616
Longitude
-102.131684
3320 Loop 250, Midland, Texas

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3320 Loop 250
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