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28063589
28063590

120 Mackey Ave, Barstow, TX 79719

JD
TX 9004023
NRG Realty Group
NRG Realty Group
Listed by NRG Realty Group
$700,000
214 days on market
Updated 5 days ago

Value Add Investment Sale at 10.28% Cap Rate

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 13,900
Cap Rate 10.29%
NOI $72,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/31/2026
Remaining Term 0.4
Price per SqFt $50
Year Built 2015
Buildings 3
Acreage 0.940
Zoning None
Investment Type Value Add
Sale Condition Sale for leaseback

Value Add Investment Sale at 10.28% Cap Rate

Marketing description

NRG Realty Group is pleased to present the exclusive offering of 120 Mackey Avenue, a fully leased industrial property located in Barstow, Texas, at the heart of the Permian Basin’s Delaware Shale Play—one of the most active and productive oil and gas regions in the United States. This investment represents a rare opportunity to acquire a stabilized industrial asset with strong tenancy and excellent access to the energy sector’s core markets.

The property is 100% leased to Shepard Safety Systems, a Midland-based industrial technology company specializing in gas detection and safety systems for the oil and gas industry. Founded in 2002, Shepard Safety Systems supports over 30 operators nationwide and continues to expand its footprint across key U.S. shale plays. The tenant operates under a Triple Net (NNN) lease, providing investors with a hands-off, low-maintenance income stream and predictable cash flow.

Situated on 0.94 acres, the property comprises three buildings totaling ±13,900 square feet built in 2015. The improvements include a combination of office, warehouse, and residential space, all within a fully fenced and secured facility served by city utilities. The north building features 5,000 SF of office and warehouse with high clear heights and drive-through access; the middle building includes climate-controlled storage and two onsite apartments; and the south building offers a ±2,400 SF residential home ideal for onsite management or company housing.

Strategically positioned near Business 20, the site provides convenient access to Pecos, Monahans, and Midland, placing it in proximity to major energy operators and service providers. The property’s durable construction, versatile configuration, and strategic location make it well suited for long-term industrial use within the Permian Basin market.

At the current rent of $72,000 annually, the offering generates a 10.28% capitalization rate based on a $700,000 asking price, reflecting a compelling return for an investor seeking a stable cash flow, quality tenancy, and exposure to one of the nation’s most resilient energy markets.

Investment highlights

3 Buildings totaling 13,900 SF under roof

North Building | 5,000 SF | 50/50 Office/Warehouse

1 Drive-thru Bay | 12'x14' Automatic Overhead Doors

Middle Building | 3,500 SF under roof, 1,500 SF climate-controlled storage

1 bedroom apartment | 2 bedroom apartment | 500 SF covered parking

South Building | ±2,400 SF Residential Home| 3/4 Bedrooms

±0.94 Acres Fully Fenced and Secured

City Utilities | Within City Limits

Close to Business 20 In Barstow, TX

AT&T Fiber Close to Property

Listing Contacts

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

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,000.00
$6,000.00/mo

Valuation Metrics

0
DSCR
10.29%
Cap Rate
10.29%
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
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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