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29881559
29881560

2208 E County Rd 130, Midland, TX 79706

JD
TX 9004023
NRG Realty Group
NRG Realty Group
DF
NRG Realty Group
Listed by NRG Realty Group
$1,905,882
104 days on market
Updated 5 days ago

8.50% Cap Rate NNN Investment Sale

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 8,850
Cap Rate 8.5%
NOI $162,000
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2030
Remaining Term 4.6
Price per SqFt $215
Year Built 2023
Acreage 2.910
Investment Type Value Add
Ceiling Height 26

8.50% Cap Rate NNN Investment Sale

Marketing description

This offering features an 8,850 SF industrial facility situated on 2.91 acres at 2208 E County Rd 130 in Midland, Texas, with convenient access to Interstate 20, TX-349, and TX-158. The improvements include 1,500 SF of office space and a functional shop layout with three drive-through bays and (7) 16’ x 14’ overhead doors, supporting efficient logistics, equipment movement, and service-oriented industrial operations. The site configuration and acreage provide operational flexibility that is increasingly scarce in the Midland market.

The property is 100% leased on a five-year absolute NNN basis to the Tenant providing a passive income stream with minimal landlord responsibility. Current rent is $13,500 per month with offering predictable cash-flow while shifting taxes, insurance, and maintenance to the tenant. This lease structure limits expense exposure and enhances income durability.

The Tenant is a West Virginia-based interstate freight carrier and serves industrial and toll-manufacturing supply chains by transporting raw materials and finished goods for third-party processors. The Tenant’s use is operational and logistics-driven rather than consumer-dependent, aligning well with the property’s layout and Midland’s industrial economy. Offered at an 8.5% cap rate, the asset presents an attractive yield profile supported by a true NNN lease, functional improvements, and strong roadway access in the Permian Basin.

This 8,850 SF industrial property sits on approximately 2.91 acres at 2208 E County Rd 130 in Midland, Texas, offering a highly functional layout and excellent access to the region’s primary transportation corridors. The improvements include approximately 1,500 SF of office space, with the balance of the building configured for warehouse and shop operations.

The shop features three drive-through bays and (7) 14’x16’ overhead bay doors, providing efficient circulation and flexibility for equipment-intensive users. Strategically located just minutes from Interstate 20, State Highway 349, and State Highway 158, the property allows for quick ingress and egress throughout Midland and the broader Permian Basin, making it well suited for oilfield service, logistics, or industrial users seeking yard space, accessibility, and operational efficiency.

Investment highlights

8,850 SF on 2.91 Acres

1,500 SF Office | 7,350 SF Warehouse

(7) 14’x16’ Overhead Doors forming 3 Drive-Through Bays

Quick Access to Interstate 20, TX-349, and TX-158

3 Docks (Secondary)

Septic & Water Well

26’ Clear Height

Covered Wash-Bay

Cap Rate: 8.50%

Lease Term Through 12/31/2030

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
$--
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Annual Cash Flow
$162,000.00
$13,500.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
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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