3601 W Wall St Midland, TX 79701
New construction Murphy USA NNN ground lease for sale.
Property size:
2,800 SFLot size:
4.87 AcresProperty Features for 3601 W Wall St
General Information
- Size
- 2,800 SF
- Lot size
- 4.87 Acres
Source:
Moodyscre
Listing 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
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1110513
- Latitude
- 31.9798373
Nearby Similar for Sale
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.