Retail Space - For Sale
3001 Loop 250 Frontage Road Midland, TX 79705
Details & Description
Price: $2,846,000
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.000
  • Building Sq Ft 7,479
  • Building Price per Sq Ft $380.53
  • Land Sq Ft 43,560
  • Land Price per Sq Ft $65.34
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Blue Sky Burger investment property located in Midland, Texas. The tenant, Blue Sky Burger, recently signed a brand new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features scheduled rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Listing Agents
Britt Raymond

O: 704-517-4712
britt.raymond@srsre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3001 Loop 250 Frontage Road

Midland, TX 79705

Listing ID: 252795
$2,846,000
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.000
  • Building Sq Ft 7,479
  • Building Price per Sq Ft $380.53
  • Land Sq Ft 43,560
  • Land Price per Sq Ft $65.34
3001 Loop 250 Frontage Road Midland, TX 79705 | for Sale | Photo 1
Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Blue Sky Burger investment property located in Midland, Texas. The tenant, Blue Sky Burger, recently signed a brand new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features scheduled rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Midland History of Retail Space for Sale

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Midland Area Market Trends

Listing Demographics for 3001 Loop 250 Frontage Road Midland, TX 79705

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population12,67274,861129,061
Population Median Age373535
Population by Age0-9 Yrs1877 (14%)11023 (14%)20622 (15%)
10-19 Yrs1269 (10%)9654 (12%)17389 (13%)
20-29 Yrs2596 (20%)13093 (17%)21439 (16%)
30-39 Yrs1864 (14%)11612 (15%)20008 (15%)
40-49 Yrs1111 (8%)8321 (11%)14710 (11%)
50-59 Yrs1519 (11%)7907 (10%)14308 (11%)
60-69 Yrs1114 (8%)6848 (9%)11188 (8%)
70+ Yrs1321 (10%)6404 (8%)9398 (7%)
Median HH Income$86,480$87,628$78,723
Total Household Income< 24K498 (9%)3138 (11%)6121 (13%)
25-49K848 (16%)4525 (16%)7468 (16%)
50-74K860 (17%)4400 (15%)7593 (17%)
75-99K652 (13%)3355 (12%)5993 (13%)
100-199K1591 (31%)8410 (30%)11864 (26%)
200K+561 (11%)3688 (13%)5110 (11%)
Highest Education LevelNo Diploma484397612354
Diploma or GED19091101420674
Some College20091150418946
Assoc. Degree46840096248
Bachelors Degree25841289416603
Higher Degree84251996611
Total Housing Units5,34929,50647,357
--Owner-Occupied2,81616,68628,770
--Renter-Occupied2,19410,83015,378
Owner-Occupied Values< 100K559574213
100-199K30341819021
200-299K136559617927
300-399K73528313472
400-499K20811761667
500K+14915802470
Total Working Age Population10,01057,09996,880
In Work Force7,57040,88768,823
Not In Work Force2,44116,21228,057
Workforce Employed7,35639,68866,405
Workforce Unemployed1971,1822,393
Civlian Workforce7,55340,87068,799
Military Workforce171725
Total Households5,01027,51644,148
Family Households3,06018,03030,026
Non-Family Households1,9499,48614,122
Married Couple2,25813,98222,334
Other Family8024,0487,692
Married w/Child7915,93410,088
Single Male w/Child2158671,273
Single Female w/Child2871,6843,015

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
Martin County4,746+14,799+266,044+267,618
Midland County116,009+18136,872+37187,364+43268,123

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
3001 Loop 250 Frontage Road, Midland, TX $2,846,000 7479 1
4400 Midland Dr, Midland, TX $20,000 1141 -
1119 Andrews Highway, Midland, TX CALL 19500 -
3200 North Loop 250 West, Midland, TX $6,070,000 94579 -
3108 North Loop 250 West, Midland, TX $2,724,000 10099 0.8
2802 Loop 250 Frontage Rd, Midland, TX $5,642,857 8750 1.76
2600 W Wall St, Midland, TX $1,035,000 13700 1.26
6112 Texas 349, Midland, TX CALL 21720 2.07
801 West Wall Street, Midland, TX CALL 6919 0.97
1608 South Main Street, Midland, TX CALL 2646 0.96
Closest Commercial Airports
Airport Distance (mi)
Lubbock Preston Smith International Airport (LBB) 114
Rick Husband Amarillo International Airport (AMA) 222
Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 250