Low Basis High Yield IOS Property!

The asset is located on E County Rd 119, in Midland, TX, about 2 miles to Interstate 20 via TX-349 or FM 715. This area is a booming industrial neighborhood within minutes of Downtown Midland.This Single Tenant Net Lease (STNL) industrial investment opportunity is strategically positioned in Midland, TX, at 1311 E County Rd 119, within the Permian Basin, the most prolific oil-producing region in the United States. The property is leased to Express Energy Services Operating LP, a well-established provider of energy services supporting drilling, completion, and production operations in the oil and gas sector. The NNN lease term commenced on November 11, 2024, and expires on January 31, 2028, offering an initial 34-month lease term as of April 1, 2025. The lease includes automatic 36-month renewal periods unless the tenant provides six months' notice prior to expiration, ensuring continued cash flow and long-term occupancy potential. Renewal rent is set at 105% of the previous rent, with 5% annual increases, providing built-in rent growth. The property sits on 4.28 acres and features a 6,750-square-foot industrial building, including 1,750 square feet of office space. The site offers ample industrial outdoor storage (IOS) capacity, making it well-suited for energy service operations that require equipment staging and storage. The NNN lease structure allows the owner to bill Tenant for all of owners cost including property insurance (reimbursed to the landlord), property taxes, property management fees, as well as Landlord’s cost in major structural repairs such as the roof, foundation, and exterior walls. With 3% annual rent escalations, an established tenant, and a location in an energy-driven economy, this property offers an excellent passive income investment opportunity with growth potential. About the Property: This property features a 6,750 SF office/warehouse on 4.28 Acres. There is 1,750 SF of office space and 5,000 SF of shop. This is a highly sought after office/warehouse combination in the Permian Basin. Featuring multiple drive-in bays with (6) 16’ overhead doors. Serviced by city water, septic sewer. Built in 2019 by a local, reputable builder, this industrial service facility is sure to return on your investment for years to come.