Texas Grocery & Advanced Auto Shopping Center

Midland, TX

Price $4,669,000
Cap Rate 7.00%
TYPE Multi-Tenant
STATUS Closed
Tenant Texas Grocery & Advanced Auto Shopping Center
LEASE TYPE NNN
SQUARE FEET 19,530
PRICE/SQ FT $239
YEAR BUILT 2005
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com
Douglas Bruton
972-630-6000 x102
douglas@ciadvisor.com
Paul Blackburn, Blackburn Properties
Texas Local Broker #376821

Property Description

Andrews Crossing is a multi-tenant offering with a great tenant mix in West Texas. Advance Auto Parts is a tenant of the subject property with an S&P BBB credit rating. The demographics in the 5 mile ring include a total population of 143,243 and has grown 22.61% from 2010-2017! Andrews Crossing is located off Andrews Highway where there is high driveby visibility and traffic counts of 30,870 CPD.

 

The subject property is located in Midland, Texas and is 1 mile from Midland Memorial Hospital. Nearby retailers include Dollar Tree, O’Reilly Auto Parts, Dollar General Albertsons, Westlake Ace Hardware, Family Dollar, Midland Park Mall (Anchored by JCPenney, Dillard’s, Sears, Bealls & Ross Dress for Less), Kohl’s, Lowe’s Home Improvement; Academy Sports + Outdoors, Home Depot, Target, etc.

Texas Designated Broker: Paul Kennon Blackburn

Property Highlights

  • Great Tenant Mix: Retailers such as Advance Auto Parts (S&P BBB- Credit Rating trading as trading as NYSE: AAP) & Advance America
  • Nearby Retailers Include: Dollar Tree, O’Reilly Auto Parts, Dollar General Albertsons, Westlake Ace Hardware, Family Dollar, Midland Park Mall – Anchored by JCPenney, Dillard’s, Sears, Bealls & Ross Dress for Less; Kohl’s, Lowe’s Home Improvement; Academy Sports + Outdoors, Home Depot, Target, etc.
  • Demographics: Total Population: 143,243 | Population Growth (2010-2017): 22.61%
  • Excellent Frontage: High Traffic Counts on Andrews Highway | 30,870 CPD!
  • Healthcare: 1 mile from Midland Memorial Hospital – West Campus & 1¼ miles from Midland Memorial Hospital (244 beds)