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Nationwide Parts Dealer - NNN, High Yield Opp 4010 FM 1788 19,500 SF Industrial Building Midland, TX 79706 $2,900,000 ($148.72/SF) 10.06% Cap Rate



INVESTMENT HIGHLIGHTS
- Tenant: M&D Distributors | Cap Rate: 10.27% | LXD: 10/31/2029
- 4 Drive-Through Bays
- Front Showroom/Office Space
EXECUTIVE SUMMARY
NRG Realty Group has been selected to exclusively market M&D Distributors flagship Permian Basin branch located in Midland, Texas. M&D has provided “Trusted Diesel Solutions for Over 80 Years”! M&D currently operates over 50 locations throughout the United States. M&D executed a 5-year NNN lease at the subject property in 2024 which underwent renovations to support M&D’s operations & customer base. The 19,500 SF facility features a large walk-in showroom and sales counter area, a climate controlled warehouse and a four-bay shop. The property is located at the intersection of FM 1788 and Interstate 20, a major artery for truck traffic through the Permian Basin and United States. This location offers premium exposure to prospective customers and was a key in M&D’s decision to locate here.
Previously an auto mechanic and parts store, this property features a 19,500 SF facility with FM 1788 frontage in Midland, TX. Measuring approximately 150' x 120', this building has a front showroom/counter sales space, some office space, and back shop for repair work. The warehouse has 4 drive-through bays with 16' grade-level, overhead doors allowing for maintenance work.
Previously an auto mechanic and parts store, this property features a 19,500 SF facility with FM 1788 frontage in Midland, TX. Measuring approximately 150' x 120', this building has a front showroom/counter sales space, some office space, and back shop for repair work. The warehouse has 4 drive-through bays with 16' grade-level, overhead doors allowing for maintenance work.
PROPERTY FACTS
| Price | $2,900,000 | No. Stories | 1 |
| Price Per SF | $148.72 | Year Built | 2002 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 10.06% | Parking Ratio | 2.05/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 1.50 AC | Cross Streets | W CR 127 |
| Rentable Building Area | 19,500 SF | ||
| Zoning | Outside City Limits | ||
| Price | $2,900,000 |
| Price Per SF | $148.72 |
| Sale Type | Investment |
| Cap Rate | 10.06% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 1.50 AC |
| Rentable Building Area | 19,500 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| Tenancy | Single |
| Parking Ratio | 2.05/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Cross Streets | W CR 127 |
| Zoning | Outside City Limits |
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Nationwide Parts Dealer - NNN, High Yield Opp | 4010 FM 1788
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