1008 Main StAndrews, TX 79714

Property Details for 1008 Main St

Lot size

0.83 AC

Property size (Sq ft)

880 SF

Property type

Commercial real estate

APN

04351-00010-0000

APU

4351000100000

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new Scooter's Coffee location in Andrews, Texas. The 664-square-foot building, constructed in 2024, sits on a half-acre lot at 1008 N Main St, 79714, boasting 100% occupancy. The property benefits from a 10-year absolute triple-net (NNN) lease with a franchisee tenant, ensuring minimal landlord responsibilities. Rent increases are structured at 10% every five years, providing a hedge against inflation. The lease includes four (4) five (5) year renewal options. The asking price is $1,428,571, representing a 7.00% cap rate and a $2,151.46 price per square foot, with a current NOI of $100,000. This prime location on North Main Street, experiencing 10,000 vehicles per day, is surrounded by other national retailers and benefits from a high average household income of $97,208 within a five-mile radius. The Andrews, TX location is conveniently situated 35 miles northwest of the Midland-Odessa MSA. This is a strong investment opportunity with a well-established brand and a secure, long-term lease. The franchisee's commitment to multiple store openings further strengthens this investment's potential. The property is projected to be a high-performing location within the Scooter's Coffee system.

• Alternative Use

  Use

  Valuation

  Residential

  $149,436

  Hospitality

  $136,883

  Educational

  $113,885

  Medical

  $117,802

  Retail

  $177,154

Location Insight

City

Andrews

County

Andrews

State

Texas

Latitude

32.3295

Longitude

-102.549

CBSA code

11380

CBSA name

ANDREWS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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