2806 Midland Dr, Midland, TX 79707
10,566 SF | Retail Building | Midland, TX 79707 | $3,152,129 ($298/SF) | 6.15% Cap Rate
For Sale
Active
Asking Price $3,152,129
- Property Type
-
Retail
- Square Feet
- 10,566 SF
- Price / Square Foot
- $298
Listing Contacts
- Property Info
Property Overview
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Midland, TX The subject property has a 15-year, NNN lease with a lease commencement date of July 14, 2024 and 5% rent increases every five years during the primary term and each option. The property is located on N Midland Drive in northwest Midland, and sees approximately 23,000 VPD near the site with over 86,000 residents within 3 miles. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront
- Lot Size (sq. ft)
- 56,628 SF
Highlights
- NNN Single Tenant Investment Opportunity
- Located in the Midland-Odessa MSA | ±86,671 3-Mile Population
- 15-Year Lease with Five (5), Five (5) Year Options
- 5% Increases Every 5 Years During the Primary Term and Each Option
- Corporate Guarantee by Dollar General Corporation
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