3601 W Wall St
Midland, TX
Price:
$2,622,000
Cap Rate:
5.15%
NOI:
$135,000
Building Size:
Approx. 2,800 Sq. Ft.
Lot Size:
Approx. 1.01 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2025
Investment Overview
- 2025 Construction. 2,800+/- SF Building. 1.01+/- Acre Site
- Brand New 20-Year Absolute NNN Ground Lease With 8% Rental Increases Every 5 Years, Plus (4) 5-Year Options to Renew
- On Corner of W Front St (24,310+ VPD) and S Midkiff St (29,136+ VPD), off of W Wall St (26,263+ VPD), Just North of I-20 (52,352+ VPD)
- Exceptional Surrounding Demographics w/in 5-Miles – 135,000+ People w/ Avg. HH Income Over $130,000
- 3 Miles from Midland Airpark | Vital Hub for Region’s Business & Corporate Aviation Traffic | 816 AC, 12 T-Hangars, 28,110 Flights/Yr., ~77 Flights/Day
- 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+