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25471880
25471881

2716 S County Rd 1207, Midland, TX 79706

JD
TX 9004023
NRG Realty Group
NRG Realty Group
DF
NRG Realty Group
Listed by NRG Realty Group
$2,463,157.89
314 days on market
Updated 6 days ago

Investment Sale: 60 Mo Term, 9.5% Cap Rate

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 15,000
Cap Rate 9.5%
NOI $234,000
Tenancy Single
Lease Type NNN
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Year Built 1980
Year Renovated 2025
Acreage 1.000
Investment Type Sale/Leaseback
Ground Lease No
Ceiling Height 22

Investment Sale: 60 Mo Term, 9.5% Cap Rate

Marketing description

This 15,000 SF industrial property, located on a 1-acre lot just 0.3 miles south of the I-20 and S Midkiff Rd intersection, offers a compelling investment opportunity defined by its strategic location, robust infrastructure, and attractive financial return. Originally built in 1980 and significantly renovated in 2022, the property is occupied by Cavalier Couriers LLC. They will agree to a 5-year lease term starting at $19,500/Mo with annual 3% escalations ensuring stable, low-maintenance income for five years. With a monthly rent of $19,500 ($15.60/SF/year) and a sale price of $2,463,157.89 ($164.21/SF), the property delivers a solid 9.5% capitalization rate, reflecting strong cash flow potential and a favorable return on investment. Priced competitively, this asset combines a reliable tenant, a hands-off NNN lease structure, and a high cap rate, making it an excellent choice for investors seeking steady income and growth in a versatile industrial market.

This industrial property boasts 15,000 SF of functional space on a 1 acre lot near Interstate 20 Midland, TX. The 2,000 SF office area is efficiently designed with three private offices—two spacious enough to house two desks each—along with an IT closet, a warehouse office, and 2 restrooms. Recent upgrades include a new water heater, HVAC system, and updated ceiling panels. The property features two distinct shop areas tailored to industrial needs. The primary 8,000 SF shop, measuring 160’ long by 50’ wide with an 18’ eave height, is equipped with (9) 14’x16’ bay doors—including four electric doors and one drive-through bay—making it perfect for medium to large-scale service operations. The secondary 5,000 SF shop/dock enhances versatility with a new loading dock featuring a 19’ ceiling, four new dock loads, while a separate section offers a 22’ ceiling with one overhead door. The site is serviced by septic system and water well. The main building was built in 1980 and renovated in late 2022-early 2023. The dock building was completed in 2025.

Investment highlights

15,000 SF on 1 Acre

2,000 SF Office: 3 Private Offices, IT closet, 2 Restrooms, Separate Shop Office

8,000 SF Shop (160’ L x 50’ W x 18’ H)

5,000 SF Secondary Shop (22’ Eave Height)

(9) 14’x16’ Grade-Level Doors

(4) Dock-High Doors

Septic, Water Well

60 Month Term, 9.5% Cap Rate

Listing Contacts

JD
TX 9004023
NRG Realty Group
NRG Realty Group
DF
NRG Realty Group
Listed by NRG Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,000.00
$19,500.00/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Justin Dodd
License
9004023
Brokerage
NRG Realty Group, LLC
Title
President
Brokerage Address
6191 State Highway 161
Name
Amy Brasher Barnett
License
TX 514276
Brokerage
NRG Realty Group
Title
Broker Associate
Name
Dakota Flowers
License
823743
Brokerage
NRG Realty Group
Brokerage Phone
4328955656
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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