Property Details

Carl’s Jr.

Midland, Texas
Property ID: 14688

Financial Summary

Asking Price $2,905,660
Cap Rate 5.30%
Net Operating Income (NOI) $154,000
Lease Type NNN
Increases 10% every 5 years

Offering Memorandum

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Contact

Brian Mason
Principal
408.913.6928

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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

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Location

5313 West Loop 250 North
Midland, Texas

Leigh ClineCarl’s Jr.