Listed by Secure Net Lease
$2,622,000
Murphy USA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,800
Cap Rate 5.15%
NOI $135,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $936
Year Built 2025
Buildings 1
Stories 1
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2026
Ground Lease Yes
Premier Signalized Corner Location | Over 55,000 VPD
Marketing description
PREMIER CORNER | CLICK HERE FOR DRONE VIDEO
- Brand New 2025 Construction, 20-Year Absolute NNN Corporate Guaranteed Ground Lease
- Located at a Premier Signalized Intersection of Two Major Streets | Total Combined VPD of 55,000+
- Largest Format MUSA Store on Over 1 Acre with 16 Fueling Positions and 2 Additional Pumps for DEF
- Exceptional Demographics | Over 135,200 People in a 5-Mile Radius with Average HH Income over $130,000
- High-Traffic Corridor on Midkiff Rd (which runs N-S through all of Midland) & I-20B (which runs E-W directly through Downtown Odessa, the Airport, and Downtown Midland)
- Murphy USA is a Leading Gas Retailer with Over 1,750 Locations in 27 States
Investment highlights
- Brand New 2025 Construction, 20-Year Absolute NNN Ground Lease with (4) 5-Year Options to Renew & 8% Rental Increases Every 5 Years, in Primary Term & Option Periods
- Subject Property is Located on the Corner of W Front Street (24,310+ VPD) and S Midkiff St (29,136+ VPD), off of W Wall Street (26,263+ VPD). This site is just north of Interstate 20 (52,352+ VPD), a major east-west highway that runs from just southeast of Midland, through DFW, and all the way to South Carolina.
- Exceptional Surrounding Demographics – In a 5-mile radius, there are over 135,000 people with an average household income over $130,000.
- Close to Midland Airpark, A Gateway for Business and Travel - The property is also just 3 miles from Midland Airpark, a vital hub for the region’s business and corporate aviation traffic. Spanning 816 acres and featuring 12 T-Hangars, Midland Airpark averages 28,110 aircraft operations annually, roughly 77 flights per day. Its strategic location allows for seamless access to the broader Midland community, attracting business travelers, aviation professionals, & more.
- Located in a High-Traffic Corridor, Surrounded by Nationally Recognized Tenants - Near Dollar General, Exxon, Dairy Queen, Denny’s, Caliber Collision, Chevron, GMC, and more. This dynamic retail presence not only boosts area traffic but also enhances the property’s visibility and appeal.
- Positioned in a Rapidly Growing Market - Midland is recognized as one of the most economically dynamic cities in the United States. The Kenan Institute’s American Growth Project recently ranked Midland as the #1 fastest-growing mid-sized city in the nation based on potential GDP growth of 9.4% — fueled primarily by the strength of its oil and gas sector.
- Murphy USA (NYSE: Musa) Is a Leading Retailer of Gasoline and Convenience Merchandise with more than 1,757 locations, servicing over 2 million customers per day.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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