Address: 1431 E Main St, Midlothian, TX
Building Size: +/- 3,010 SF
Lot Size: +/- 1.04 Acres
Type: Convenience / Gas
2019 construction with an absolute 15-year NNN lease with the largest convenience store chain in the world.
10% rent increases beginning in year 10 and every 5 years thereafter, providing a strong hedge against inflation.
Direct access and frontage on Main St (14,180 VDP) and cross access from the major thoroughfare Midlothian Pkwy (11,000 VPD).
Property is immediately east of Methodist Health System, a 190,000 SF full-service acute care hospital and a 45,000 SF medical office building; Opening 2020.
Average incomes within a 5-mi radius of the property are $104,740 and projected to grow to $116,241 by 2023.