Net Lease
Seven Point Solutions, LLC
10920 W County Rd 46, Midland, TX 79707
Listing Price: $2,436,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Seven Point Solutions, LLC located in Midland, Texas. The subject property is a 9,750-square-foot facility sitting on 3.48 acres, located off North State Highway 349 on West Count Road 46. There are approximately five years remaining on a triple-net (NNN) lease with three percent annual increases. There are no renewal options. Seven Point Solutions, LLC is a pump supplier in Midland, Texas that serves the oil and gas markets.
This property is a brand-new, build-to-suit, with construction completed in 2024. The property features metal construction with seven drive-in doors measuring 14 feet by 16 feet. There is 2,000 square feet of office space, 6,500 square feet of warehouse space, and a 1,250-square-foot wash bay.
Midland is a city in western Texas and the seat of Midland County with small portions extending into Martin County. The population was 132,524 as of the 2020 census. Located in the Permian Basin in West Texas, Midland is a major center for American oil and natural gas production. Midland’s economy has long been focused on petroleum exploration and extraction.
The Permian Basin is an oil-and-gas-producing area located in West Texas and the adjoining area of southeastern New Mexico. The Permian Basin covers an area approximately 250 miles wide and 300 miles long and is composed of more than 7,000 fields in West Texas.
Exclusively Listed By
Listing Price: $2,436,000
Investment Highlights
- New Build-to-Suit for Seven Point Solutions (Pump Supplier)
- Triple-Net Lease with Three Percent Annual Increases
- Surrounded by New Developments
- The Permian Basin (Surrounding Midland) is the Largest Oil-Producing Region in the United States
Investment Overview
Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Seven Point Solutions, LLC located in Midland, Texas. The subject property is a 9,750-square-foot facility sitting on 3.48 acres, located off North State Highway 349 on West Count Road 46. There are approximately five years remaining on a triple-net (NNN) lease with three percent annual increases. There are no renewal options. Seven Point Solutions, LLC is a pump supplier in Midland, Texas that serves the oil and gas markets. This property is a brand-new, build-to-suit, with construction completed in 2024. The property features metal construction with seven drive-in doors measuring 14 feet by 16 feet. There is 2,000 square feet of office space, 6,500 square feet of warehouse space, and a 1,250-square-foot wash bay. Midland is a city in western Texas and the seat of Midland County with small portions extending into Martin County. The population was 132,524 as of the 2020 census. Located in the Permian Basin in West Texas, Midland is a major center for American oil and natural gas production. Midland’s economy has long been focused on petroleum exploration and extraction. The Permian Basin is an oil-and-gas-producing area located in West Texas and the adjoining area of southeastern New Mexico. The Permian Basin covers an area approximately 250 miles wide and 300 miles long and is composed of more than 7,000 fields in West Texas.
Exclusively Listed By
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