5324 Briarwood Ave - Service Station FOR SALE


Midland, TX 79707
$3,160,000 USD
973-632-1386
5324 Briarwood Ave, Midland, TX for Sale
$3,160,000 USD
Service Station - FOR SALE
1/6
null | 5% Cap Rate

5324 Briarwood Ave
Midland, TX 79707


HIGHLIGHTS

  • New 20-Year Lease | Corporate Signature | Options To Extend | Scheduled 8% Rental Increases | 2026 Construction
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Major Retail Anchors | Entertainment Destinations
  • Proximity To Community Anchors | Midland College (7,300+ Students) | Medical Office Demand
  • Signalized, Hard Corner Intersection | Near W Loop 250 (77,600 VPD)
  • Direct Residential Consumer Base | Strong Demographics | $150K+ AHHI | Major Employment Drivers

OVERVIEW

• Brand new 20-year lease with ten (10) renewal options of up to five years, demonstrating long-term commitment to the site • 8% rental increases every five years throughout the initial term and option periods support NOI growth and provide a built-in hedge against inflation • The lease features a corporate signature from Circle K Stores Inc., the corporate entity behind Circle K, an established convenience store and gas station operator with 6,846 locations in the United States as of March 2026 • Brand new 2026 construction featuring high-quality materials, modern design elements, and institutional-quality finishes

FOR SALE DETAILS

PRICE

$3,160,000 USD

PRICE/SF

$1,053 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Circle K | Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RR

APN/PARCEL ID

0042050.005.0304

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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