2301 N Big Spring St - Convenience Store FOR SALE


Midland, TX 79705
$2,341,463 USD
214-915-8896
2301 N Big Spring St, Midland, TX for Sale
$2,341,463 USD
Convenience Store - FOR SALE
1/6
null | 5.13% Cap Rate

2301 N Big Spring St
Midland, TX 79705


HIGHLIGHTS

  • 2024 Construction. 2,824+/- SF Building. 1.10+/- Acre Site
  • Positioned Along N Big Spring St (22,000+ VPD) connecting I-20 (55,000+ VPD) and Loop 250 (86,000+ VPD)
  • Surrounded by Established Retailers Including Whataburger, Walgreens, CVS, Dollar Tree, Family Dollar, O’Reilly, Popeyes, & More
  • Strong Daytime Population – Near Midland Memorial Hospital (261 Beds) and Midland College (7,000+ Students)
  • Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $20.244B in Revenue Across 1,750+ Locations
  • Midland | Recently Ranked as #1 Fastest-Growing Mid-Sized City in the Nation | Population: 143,687+

OVERVIEW

Brand New 20-Year Absolute NNN Ground Lease With 8% Rental Increases Every 5 Years, Plus (4) 5-Year Options to Renew

FOR SALE DETAILS

PRICE

$2,341,463 USD

PRICE/SF

$829 USD /SF

CAP RATE

5.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy USA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,764 SF

ZONING

LR1

APN/PARCEL ID

R000226962

ASK ABOUT THIS PROPERTY

Anthony PucciarelloSecure Net LeaseMore Info
214-915-8896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Anthony PucciarelloSecure Net LeaseMore Info
214-915-8896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.