Murphy USA Midland, TX

2301 N Big Spring St
Midland, TX

Price: $2,352,941
Cap Rate: 5.10%
NOI: $120,000
Building Size: Approx. 2,824 Sq. Ft.
Lot Size: Approx. 1.1 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2024

Investment Overview

  • 2024 Construction. 2,824+/- SF Building. 1.10+/- Acre Site
  • Brand New 20-Year Absolute NNN Ground Lease With 8% Rental Increases Every 5 Years, Plus (4) 5-Year Options to Renew
  • 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 $4.28B in Revenue Across 1,800+ Locations
  • Midland | Recently Ranked as #1 Fastest-Growing Mid-Sized City in the Nation | Population: 143,687+

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