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31115205
31115206

1308 N Main St, Andrews, TX 79714

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas
$1,240,000
78 days on market
Updated 78 days ago

WINGSTOP RETAIL CENTER – ANDREWS, TX

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 4,200
Net Rentable (SqFt) 4,200
Units 1
Cap Rate 7.25%
NOI $89,758
Occupancy 100%
Tenancy Multi
Brand/Tenant Wingstop
Lease Type Absolute NNN
Lease Expiration 11/30/2030
Broker Co-Op Yes
Year Built 2020
Buildings 1
Stories 1
Acreage 0.360
Zoning C
Investment Type Net Lease

Retail | 7.25% CAP | 4,200 SqFt

Marketing description

The Wingstop Retail Center presents investors with a rare opportunity to acquire a modern, income-producing retail asset in the heart of Andrews, Texas, a thriving West Texas market driven by oil & gas, healthcare, and education. This ±4,200 square foot, two-tenant retail strip was constructed in 2020 and sits on ±0.36 acres along US-385/N Main Street, one of the city’s most heavily trafficked corridors with over 15,000 vehicles per day.

The center is anchored by Wingstop, a nationally recognized QSR brand with strong sales performance and loyal customer base. The secondary tenant, Galactic Smoke, provides further income diversification with consistent tenant history. Together, they generate a net operating income (NOI) of $89,758, reflecting a 7.25% capitalization rate on the $1,240,000 asking price.

Strategically located near major employers, schools, and retail drivers, the property benefits from consistent foot traffic and strong local demand. It's within a 3-minute drive of Permian Regional Medical Center, and near Clearfork Elementary and Andrews Middle School, serving a combined 1,600+ students. The surrounding area features national retailers such as Dollar Tree, AT&T, Hibbett Sports, Domino’s, McDonald’s, Pizza Hut, and O’Reilly Auto Parts, reinforcing the strength and stability of this retail node.

With a 2024 average household income of $131,824 within a 1-mile radius, the center is well-positioned for continued tenant success and long-term rental growth. Located in income tax-free Texas, this asset provides a turnkey, low-maintenance investment with reliable cash flow and upside potential in an under-supplied retail market.

Investment highlights

  • Situated in a high-growth energy region with sustained demand for retail services.

  • Modern construction and strong tenant mix provide long-term stability and low maintenance costs.

  • Limited retail supply in the submarket boosts property’s tenant retention and leasing strength.

  • Texas is a No Income Tax State, further enhancing investor returns.

  • Total Building Size: ±4,200 SF

  • Lot Size: ±15,682 SF (±0.36 Acres)

  • Year Built: 2020 – Modern Construction

  • Zoning: Commercial

  • Anchored by Wingstop, a strong national brand tenant with proven customer pull.

  • Additional tenant: Galactic Smoke, contributing stable supplemental rental income.

Listing Contacts

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,758.00
$7,479.83/mo

Valuation Metrics

0
DSCR
7.24%
Cap Rate
7.24%
ROI

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