Avrex Aerospace Slated for 10-Year Hangar Lease at Mineral Wells Airport

Mineral Wells is poised to approve a 10-year commercial hangar lease with Avrex Aerospace, Inc. at the regional airport, providing at least $54,000 per year in base rent for UAS-related aviation operations. The agreement shifts utilities and maintenance to the tenant, includes CPI-based rent escalators, rights of first refusal on nearby buildings, and envisions a separate ground lease for future development.

Scope & details

The full contract record, as filed.

Contract amount

$54,000 per year base rent ($4,500 per month), at least $540,000 over initial 10-year term excluding CPI adjustments

Contract type

FACILITIES

Contract term

Initial term of 10 years from Commencement Date; annual CPI-based rent adjustments; options for additional ground lease for approximately 20 acres to be set by separate agreement

Renewal

Initial 10-year term with annual CPI-based rent adjustments; lease also includes rights of first refusal on additional facilities and contemplates a separate future ground lease, but specific renewal or extension options are not detailed in the excerpt.

Document type

Agenda

Source document

City of Mineral Wells Agenda 2026-08-04

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City of Mineral Wells Agenda Regular Meeting 2026-08-04

PENDING

City of Mineral Wells, TexasAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Mineral Wells?

Avrex Aerospace Inc was awarded this facilities contract by City of Mineral Wells, as recorded on August 4, 2026. The contract value is $54,000 per year base rent ($4,500 per month), at least $540,000 over initial 10-year term excluding CPI adjustments.

How much is the Avrex Aerospace Inc contract with City of Mineral Wells worth?

The Avrex Aerospace Inc contract with City of Mineral Wells is valued at $54,000 per year base rent ($4,500 per month), at least $540,000 over initial 10-year term excluding CPI adjustments, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Mineral Wells Agenda 2026-08-04 (Agenda), dated August 4, 2026 from City of Mineral Wells. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Avrex Aerospace Inc hold?

Avrex Aerospace Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Mineral Wells currently buying?

Explore City of Mineral Wells's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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