3301 Midkiff RdMidland, TX 79705

For Sale
$2,574,820.17

High-traffic Midland, TX retail property.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents the chance to acquire the leasehold interest of a 4,000 square foot AT&T storefront located at 3301 N Midkiff Rd, Midland, TX 79705. The property, situated on a 1.517-acre lot, benefits from a strong lease with AT&T (New Cingular Wireless PCS, LLC), commencing December 30, 2012, and possessing over 3.5 years remaining on the initial term, with a 1 x 5-year option including a 10% rent increase. This is a net-net (NN) lease, minimizing landlord responsibilities for the future owner. The property enjoys a prime location on Midkiff Road, a high-traffic retail corridor with over 22,000 vehicles per day (VPD), serving as a major east/west thoroughfare in Midland. Its strategic placement near an HEB-anchored shopping center and other national retail and restaurant brands further enhances its appeal. Midland, TX, boasts a metropolitan statistical area (MSA) population of 173,180, and is a thriving oil-producing region, experiencing significant growth in infrastructure, economic resources, transportation, and safety over the past decade. This investment offers sustainable cash flow and protection against inflation, making it an attractive opportunity for discerning investors. The asking price for this leasehold interest is $2,574,820.17.

Highlights

  • $2,574,820.17 asking price for a retail storefront.
  • 4,000 SF AT&T-leased property on ~1.517 acres at 3301 N Midkiff Rd, Midland, TX 79705.
  • NN lease with over 3.5 years remaining, plus a 5-year option with a 10% rent increase.
  • High-traffic location on Midkiff Road (22,000+ VPD), near HEB and other national retailers.
  • Located in Midland, TX, a growing oil-producing region with a MSA population of 173,180.

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.0200042
Longitude
-102.1253589
3301 Midkiff Rd, Midland, Texas

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3301 Midkiff Rd
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