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+