Murphy USA Midland, TX

2301 North Big Spring Street
Midland, TX

Price: $2,400,000
Cap Rate: 5.00%
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 on 1.10+/- Acre Site
  • 20-Year Absolute NNN Ground Lease w/ 8% Rental Increases Every 5 Years
  • Signalized, High-Traffic Intersection off Big Spring St (23,924 VPD), the Main Thoroughfare Btwn. I-20 & I-250
  • 1-Mile Population Over 12,000 and Average HH Income Exceeds $141,000
  • Dense Retail Corridor w/ Tenants of Whataburger, Dollar Tree, O’Reilly, Walgreens, and Many More
  • Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
  • Midland | Projected to be Fastest Growing Mid-Sized City in the Country | Population: 338,085+