3327 W Wadley Avenue
Retail | 5,112 SqFt
Marketing description
Brix & Co. Realty is pleased to present the exclusive opportunity to acquire 3327 W Wadley Avenue — a freestanding 5,112 SF retail building (plus a 1,446 SF front canopy) situated on 0.354 acres with 118 feet of prime W. Wadley Avenue frontage, just west of the signalized intersection at Wadley & Midkiff. The Property sits within the H-E-B-anchored retail node, with its parking lot fronting Wadley Avenue and direct visibility to eastbound and westbound traffic along one of northwest Midland's most heavily trafficked and visible commercial corridors.
Originally constructed in 1981, the building features an open floor plan, a 1,446 SF front canopy added in 2003, and a dedicated parking lot fronting Wadley Avenue. The Property is currently leased to LBK Sports, LLC (operating as Ski Skeller Sports) under a modified gross lease running through June 30, 2029, providing a buyer with in-place income and built-in winter-season rent escalations — with meaningful flexibility to recapture the asset upon sale (see Tenant & Lease Summary).
The asset is well-suited for an investor seeking durable in-place cash flow with a clear path to future repositioning, owner-user occupancy, or value-add redevelopment at lease expiration.
Investment highlights
- In-place income with escalations — Active modified gross lease through June 30, 2029 with annual winter-season rent increases producing scheduled annual rent growth.
- Buyer-friendly recapture right upon sale — Per Section IX of the lease, the Landlord may revoke the Tenant's 5-year renewal option upon sale of the property to an unrelated third party. This means a buyer inherits the in-place lease and rent stream through June 30, 2029, and can elect at closing to prevent any extension — securing certainty of possession on July 1, 2029 for retenanting, owner-user occupancy, or redevelopment without renewal-period negotiation.
- Prime W. Wadley Avenue frontage — Within the H-E-B-anchored retail node, with 26,265 AADT directly past the property on Wadley (TxDOT), plus 23,500 to 29,860 AADT on each adjacent approach to the signalized Wadley & Midkiff intersection.
- Shadow-anchored by H-E-B — Texas' dominant grocer — driving consistent year-round foot and vehicle traffic.
- Affluent trade area: ZIP 79707 median HH income $99,886 (~24% above U.S., ~31% above Texas), with 5-mile daytime population of ~147,000.
- Freestanding 5,112 SF building on 0.354 acres with 118 ft of W. Wadley frontage, dedicated parking, and an additional 1,446 SF front canopy.
- Landlord-favorable expense structure — While the Landlord covers exterior, HVAC, plumbing, electrical, and parking maintenance under the current lease, this provides full control of the asset and clear underwriting visibility for the buyer.
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