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Profitable Dry Clean Business + Real Estate W Wadley Ave

4,070 SF Retail Building Midland, TX 79707 $1,799,259 CAD ($442 CAD/SF) 8.90% Cap Rate

Investment Highlights

  • Over 20 Years of Success at this Freestanding Dry Cleaner and Drive-Thru Opportunity – Includes Business and Real Estate
  • 4,415+ Apartment Units in a 1-Mile Radius from the Subject Property
  • High-Visibility Location Near a Strong Signalized Intersection in Midland, TX that sees over 46,600+ VPD.
  • Strong Affluent Customer Base – Population of 111,434 People in 5-Mile Trade Area with an Average Household Income of $116,953
  • Subject Property is Minutes Away from Midland College, a prominent community college with over 5,400 enrolled students and 800+ employees.
  • Other neighboring retailers include Walmart, Target, H-E-B, Home Depot, Lowe’s, Kohls, United Supermarkets, O’Reilly’s Auto Parts and Many More

Executive Summary

The EngVest Group is excited to offer an exceptional investment opportunity to acquire both the business and fee-simple interest in a freestanding, drive-thru Dry Clean Super Center in Midland-Odessa MSA. This asset provides investors and owner-users with a chance to secure a cash-flowing business with over 20 years of successful operation at this location. Dry Clean Super Center is a full-service dry cleaning and laundry business that features the added convenience of a drive-thru service.
Positioned along a high-traffic retail corridor, the property benefits from excellent visibility at a signalized intersection in Midland, TX, which experiences over 46,600 vehicles per day. The property is well-maintained, offering ample parking and a modern, attractive facade that creates a welcoming environment for customers.
Midland is a rapidly growing community with a robust economic base, including a thriving oil and gas sector. The Dry Clean Super Center is strategically located near apartment buildings, residential neighborhoods, schools, and major national retailers, ensuring a steady flow of foot traffic. Nearby retailers include Walmart, Target, H-E-B, Home Depot, and United Supermarkets. This property represents a unique opportunity to acquire a prime commercial business and real estate with a well-established tenant in a prosperous and expanding market.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,070 SF
Year Built
2004
Price
$1,799,259 CAD
Price Per SF
$442 CAD
Cap Rate
8.90%
NOI
$160,134 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.84 AC
Frontage
200 ft on W Wadley Ave

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Nearby Major Retailers

McAlister's Deli
United Supermarkets
Prosperity Bank
Starbucks
Frost National Bank
Natural Grocers
Crunch
Buffalo Wild Wings
Hopdoddy Burger Bar
The Little Gym

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000106-178
Land Assessment
$390,784 CAD
Improvements Assessment
$1,000,912 CAD
Total Assessment
$1,391,697 CAD
  • Listing ID: 32770810

  • Date on Market: 2024-08-12

  • Last Updated:

  • Address: W Wadley Ave, Midland, TX 79707

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