A prime single-tenant investment property in Midland is now available for purchase at 3001 Loop 250 Frontage Road. Fully occupied by Blue Sky Texas, the property was renovated in 2021 and features a 10-year NNN lease with 7.5 years remaining in the primary term. The high-visibility location on North Loop 250 sees traffic counts exceeding 52,000+ vehicles per day, making this an ideal asset for investors seeking passive income or a 1031 exchange opportunity.
The surrounding retail corridor includes major retailers such as Market Street, Hobby Lobby, Burlington Coat Factory, TJ Maxx, Best Buy, and Barnes & Noble, while the Midland Park Mall is located nearby, enhancing foot traffic.
The property’s NNN lease structure ensures minimal landlord responsibilities, and with automatic rental escalations beginning in year six, investors can benefit from long-term income growth.
Lot Size: High-traffic retail corridor
Lease Type: NNN Lease with (2) 5-year renewal options
Price: $3,083,333
Contact
Alex Eberhardt
Email: alexe@cbcworldwide.com
Phone: 806-793-0888
Rick Canup, CCIM
Email: rcanup@cbccapitaladvisors.com
Phone: 806-793-0888
View more details here.