Financial Summary
| Asking Price | $2,850,000 |
| Cap Rate | 5.40% |
| Net Operating Income (NOI) | $154,000 |
| Lease Type | NNN |
| Lease Term Remaining | 10+ years |
| Increases | 10% every 5 years |
Highlights
- Long-term lease, 11 years remain
- 15-year initial term with four, five-year options to extend
- Frontage along State Highway West Loop 250 North
- Fee simple absolute triple-net lease
- Average Household Income within 5 miles is $116,066
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
Location
5313 West Loop 250 North
Midland, Texas
