Investment Overview
Explore this prime retail opportunity located in the dynamic Big Spring area. With an impressive 8,320 SF building, constructed in 2012 and currently operating at 100% occupancy, this property presents an attractive investment for Retail / Free Standing Building investors. Boasting modern construction and a strategic location, it offers an ideal environment for tenants to thrive. The property's established full occupancy status is a testament to its desirability and strong potential for immediate income generation. With its well-maintained, contemporary design and high-demand location, this Retail / Free Standing Building is positioned as a compelling asset for savvy investors looking to capitalize on the vibrant retail landscape of Big Spring, TX.
Investment Highlights
- High Traffic Counts along FM700 - see map for details
- 69th Percentile Nationwide PlacerAI Ranking
- Tenant recently exercised their first option with rent increase
- Income-tax free state
- Big Spring is positioned along Interstate 20 | 230 Miles West of DFW
- Relocation store - previous location was in the Sears-Harbor Freight retail center Northeast adjacent
- Replaceable rent provides long term security
- Big Spring serves as the county seat of Howard County | Known for its history of oil, ranching, and film production, and its landmark
- spring and mountain
- Big Spring population 26,144 | pop. 6,500 within 1-Mile radius
- Average Household Income in Excess of $80,000 within 2 Mile Radius
- Lease Excerpt on Maintenance: Tenant will maintain existing landscaping and parking, including the removal of snow, ice, trash,
- weeds, debris, and will be responsible for the asphalt and concrete repairs up to $1,000
- Lease Excerpt, HVAC: tenant will maintain, repair, and replace the heating and air condition systems [except] during the last two years of the lease term