Gas Station Absolute NNN Ground
2301 N Big Spring St Midland, TX 79705
2301 N Big Spring St, Midland, TX, 79705
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For Sale
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New 20-year absolute NNN ground lease with 8% rent bumps every five years and multiple options.
Property Size2,824 SF
Price / SF$833.19
Days on Market91
Property Features for 2301 N Big Spring St
General Information
- Standard status
- Active
- Size
- 2,824 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agency
Secure Net Lease
(214) 522-7200
Listed by
Anthony Pucciarello · License #TX 621734
Source
Crexi
Added: Apr 22 Updated: Jul 20 at 8:56PM Checked: Jul 20 at 8:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease
Investment Insights
Based on property information with market context.
A brand-new gas station investment with an absolute NNN 20-year ground lease. The lease includes 8% rent bumps every five years and four five-year options, creating a long-dated income stream structure. The property is positioned on a hard-corner site.
Direct access to I-20 and Loop 250 is highlighted, with combined traffic of 163,000+ VPD and 22,000+ VPD on N Big Spring St. The surrounding demand drivers called out in the materials include Midland Memorial Hospital (261 beds) and Midland College (7,000+ students). The asset is described as located within a high-income trade area with strong demographics, including a ~12,000 population within one mile and 130,000+ within five miles, alongside $110K+ average household income.
This offering is presented as a long-term, net-leased structure in Midland, Texas, a market characterized in the remarks by Permian Basin growth and job expansion tied to the local oil and gas economy.
Direct access to I-20 and Loop 250 is highlighted, with combined traffic of 163,000+ VPD and 22,000+ VPD on N Big Spring St. The surrounding demand drivers called out in the materials include Midland Memorial Hospital (261 beds) and Midland College (7,000+ students). The asset is described as located within a high-income trade area with strong demographics, including a ~12,000 population within one mile and 130,000+ within five miles, alongside $110K+ average household income.
This offering is presented as a long-term, net-leased structure in Midland, Texas, a market characterized in the remarks by Permian Basin growth and job expansion tied to the local oil and gas economy.
Key Highlights
- Year built: 2024
- 20‑year absolute NNN ground lease with 8% rent bumps every 5 years
- Lease includes (4) five‑year options
Property Analytics
Location Intelligence
Current Use by Public Records
South Plains Community ...
Association / Organization
Murphy USA
Gas Station
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - New 20-year absolute NNN ground lease with 8% rent bumps every five years and multiple options.
Where is this gas station located?
The property is located at 2301 N Big Spring St Midland, TX.
What is the asking price?
The asking price for this property is $2,352,941.
What are key features of this property?
This property features: Year built: 2024; 20‑year absolute NNN ground lease with 8% rent bumps every 5 years; Lease includes (4) five‑year options
