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Murphy USA Absolute NNN
3601 W Wall St · Midland, TX 79701 · Convenience / Fuel
Asking price
$2,622,000
Cap rate
5.15%
NOI
$135,000
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Lease
Lease typeAbsolute NNN
Term remaining19.4 yrs
Expiration12/2045
Rent bumps8% Every 5 Years in Primary Term & Options
Options(4) 5-Year Renewal Options
Ground leaseYes
Credit profileCorporate Guarantee
TenancySingle
Planning a 1031 Exchange
Give us your relinquished sale close date and we will calculate your 45-day
identification and 180-day closing deadlines, track the clock, and surface matching
inventory before it expires. We coordinate directly with your Qualified Intermediary
and can introduce one if you have not yet engaged an exchange accommodator.
Investment Grade does not provide tax or legal advice.
Property
Building SF2,800
Price / SF$936
Year built2025
Lot size1.00 ac
TypeConvenience Store, Gas Station, Storefront
Days on market110
Need year-one bonus depreciation
Building age, size and improvement mix drive how much of this asset a cost
segregation study can accelerate into year one. Tell us your tax year and entity
and we will model the deduction.
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.
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
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Asking-market observation aggregated from public listing sources, last
observed Sep 4, 2026.
Figures are asking price and asking cap rate as published by the listing party, not a
verified closed transaction. Lease terms shown where reported by the listing party and
not independently verified. Shown for market reference only; this is not an offering.
Investment Grade Income Property, LP represents buyers on a cooperating commission basis.