3811 County Rd Midland, TX 79706

This exceptional investment opportunity presents a fee-simple, 15,221-square-foot warehouse in Midland, Texas. The property, built in 2019 and situated on three acres, boasts a fresh 10-year net lease (NNN) with Park City Drilling, commencing May 31, 2022, and expiring November 29, 2034. The lease includes a 7.5% rent bump in year six, ensuring consistent income growth. The property features 22-foot ceilings, multiple drive-in bays, a wash/test system plumbed to holding tanks, 3-phase heavy power, and a (3) 5-ton overhead bridge crane. The building also includes approximately 2,350 square feet of office space with private offices, a conference room, and a dispatch area. This mission-critical location serves as Park City Drilling's primary Permian Basin operation base, demonstrating a strong commitment to the site. The property's strategic location within a new industrial park provides immediate access to Interstate 20 and Loop 250. With a current NOI of $275,000 and an 8.00% cap rate, this offering presents a compelling return on investment. The asking price is $3,436,000, translating to $225.74 per square foot. The property is 100% occupied. This is a single-tenant, net lease investment with minimal landlord responsibilities (roof and structure).