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1000-1116 N Midkiff Rd
Midland, TX 79701
Town & Country Shopping Center · Retail Property For Sale
PROPERTY FACTS
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
About 1000-1116 N Midkiff Rd , Midland, TX 79701
Marcus & Millichap is pleased to offer the opportunity to acquire a 91,930-square foot neighborhood retail center. Town & Country Shopping Center is currently 100 percent occupied with 87 percent of the gross leasable area having credit tenants. The center is comprised of two multi-tenant buildings and two single-tenant buildings. Anchored by Planet Fitness, other tenants include Harbor Freight Tools, Little Caesars Pizza, Could City Vape Shop, TOE Driving, Popcorn Premiere, October's Smoothies, Footy Rooty, Kool Smiles, O'Reilly Auto Parts, T&C Barbershop and Loosends. All current leases are triple-net and rental rates are below market. Additional income for the center is derived from Watermill Kiosk, food trailers and a no fence agreement. The center sits on 9.3 acres and was originally constructed in 1959 with renovations in 1985. The parcel includes a pad site for future development, providing potential upside to an investor.
PROPERTY TAXES
| Parcel Number | R000185-139 | Improvements Assessment | $2,475,723 |
| Land Assessment | $1,766,509 | Total Assessment | $4,242,232 |
PROPERTY TAXES
