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    3601 W Wall St Midland, TX 79701

    For Sale
    $2,622,000

    New construction Murphy USA NNN ground lease for sale.

    Property size:
    2,800 SF
    Lot size:
    4.87 Acres

    Property Features for 3601 W Wall St

    General Information

    Size
    2,800 SF
    Lot size
    4.87 Acres

    Source: Secure Net Lease - Dallas Agent Kyle Varni

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Murphy USA Ground Lease

    This property features a new 2,800+/- square foot building on a 1.01+/- acre site, slated for construction in 2025. It is subject to a brand new 20-year absolute NNN ground lease with 8% rental increases every 5 years, plus four 5-year options to renew. The property is located on the 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). The surrounding demographics within a 5-mile radius are exceptional, with over 135,000 people and an average household income exceeding $130,000. The site is 3 miles from Midland Airpark, a vital hub for the region’s business and corporate aviation traffic, encompassing 816 acres with 12 T-hangars, approximately 28,110 flights per year, and around 77 flights per day. Murphy USA is a leading retailer of gasoline and convenience merchandise, with over $20.244 billion in revenue across 1,750+ locations. Midland was recently ranked as the #1 fastest-growing mid-sized city in the nation, with a population of 143,687+.
    Location Intelligence

    Current Use by Public Records

    Bradford Inn Hotel Reyna's Mexican Restaurant Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1110513
    Latitude
    31.9798373

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    FAQs

    What type of property is this?
    Gas station - New construction Murphy USA NNN ground lease for sale.
    Where is this gas station located?
    The property is located at 3601 W Wall St Midland, TX.
    What is the asking price?
    The asking price for this property is $2,622,000.
    What are key features of this property?
    This property features: - Brand new 20-year absolute NNN ground lease with 8% rental increases every 5 years, plus (4) 5-year options to renew.; - Located on a high-traffic corner with combined VPD of over 53,000, near I-20.; - Exceptional surrounding demographics: 135,000+ people within 5 miles with an average household income over $130,000.
    (469) 694-4189
    Request Owner's contact information
    3601 W Wall St Midland, TX 79701
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    Midland, TX 79701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3601 W Wall St Midland, TX 79701
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