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Murphy USA 2301 N Big Spring St 2,824 SF Retail Building Midland, TX 79705 $2,341,463 ($829.13/SF) 5.13% Cap Rate
Investment Highlights
- 2024 Construction. 2,824+/- SF Building. 1.10+/- Acre Site
- Surrounded by Established Retailers Including Whataburger, Walgreens, CVS, Dollar Tree, Family Dollar, O’Reilly, Popeyes, & More
- Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $20.244B in Revenue Across 1,750+ Locations
- Positioned Along N Big Spring St (22,000+ VPD) connecting I-20 (55,000+ VPD) and Loop 250 (86,000+ VPD)
- Strong Daytime Population – Near Midland Memorial Hospital (261 Beds) and Midland College (7,000+ Students)
- Midland | Recently Ranked as #1 Fastest-Growing Mid-Sized City in the Nation | Population: 143,687+
Executive Summary
Brand New 20-Year Absolute NNN Ground Lease With 8% Rental Increases Every 5 Years, Plus (4) 5-Year Options to Renew
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,824 SF
Year Built
2024
Price
$2,341,463
Price Per SF
$829.13
Cap Rate
5.13%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.78 AC
Zoning
LR1
Moderately walkable
60/100
Moderately drivable
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000226962 | Improvements Assessment | $255,010 |
| Land Assessment | $67,080 | Total Assessment | $322,090 |
Property Taxes
Parcel Number
R000226962
Land Assessment
$67,080
Improvements Assessment
$255,010
Total Assessment
$322,090
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Murphy USA | 2301 N Big Spring St
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