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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

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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.

ATTACHMENTS

4010 FM 1788 IOM

PROPERTY FACTS

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
  • Listing ID: 38985854

  • Date on Market: 1/6/2026

  • Last Updated:

  • Address: 4010 FM 1788, Midland, TX 79706

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