Kent Kwik Gas Station - Midland, TX

Prime Commercial Real Estate Investment: Kent Kwik Gas Station & Car Wash in Midland, TX

Anchor Point Capital is pleased to present an exclusive investment opportunity to acquire a single-tenant Kent Kwik gas station, storefront c-store, and standalone automatic car wash in Midland, Texas. Operating under an Absolute NNN lease, this property delivers a turnkey, passive income stream with zero landlord responsibilities. The asset is backed by a corporate guaranty from The Kent Companies—a premier operator managing over 100 locations across eight states—providing institutional-grade security in a high-demand retail corridor.

Investment Highlights & Financial Profile

This premier retail property offers an attractive 7.00% Cap Rate generating a Net Operating Income (NOI) of $300,576. The primary 15-year lease commenced on December 17, 2021, and runs through December 17, 2036, offering 10+ years of remaining primary lease term. The lease structure guarantees steady financial growth via 1.50% annual rent escalations throughout the initial term and extending into four separate 5-year renewal options.

• Purchase Type: Absolute NNN Retail Lease (Zero Landlord Responsibilities)

• Cap Rate: 7.00%

• Net Operating Income (NOI): $300,576

• Remaining Term: ~10.3 Years (Expiration: 12/17/2036)

• Options: Four (4) 5-Year Options with 1.5% Annual Increases

• Guarantor: The Kent Companies (Corporate)

• APN: R000040388

Property Specifications & Key Features

Built in 1985, this 1,295-square-foot convenience store sits on a 0.52-acre lot along a bustling commercial thoroughfare. In addition to high-capacity fuel service, the site features a standalone automatic car wash, driving secondary revenue and increased customer dwell time.

• Building Size: 1,295 SF

• Lot Size: 0.52 Acres

• Property Type: Retail (Gas Station / Storefront C-Store)

• Key Assets: 8 Fueling Positions & Standalone Automatic Car Wash

• Ground Lease: No (Fee Simple)

Prime Commercial Location & Dynamic Midland Market Demographics

Situated directly on West Wall Street, the property experiences steady exposure to over 21,500 vehicles per day. The surrounding retail corridor is densely packed with major national brands, including CVS, Walgreens, McDonald's, Chick-fil-A, and Dollar General, driving constant traffic to the immediate area.

• High-Performing MSA: The Midland Metropolitan Statistical Area boasts a Per Capita Income of $143,469—ranking 2nd highest in the United States according to the Bureau of Economic Analysis (BEA).

• Strong Population Growth: The Midland MSA population expanded 8.1% between 2020 and 2026, surpassing 193,000 residents.

• Energy Hub Powerhouse: Located in the heart of the Permian Basin, which supports over 940,000 U.S. jobs and accounts for more than 44% of all active domestic drilling rigs.

• Economic Infrastructure: Minutes from the Midland International Air & Space Port, the nation's first FAA-licensed co-located commercial spaceport.

Investment Sales Contacts

To request a full Offering Memorandum or schedule a discussion regarding acquisition details, contact the Anchor Point Capital listing team:

• Ned Skinner – nskinner@anchorpointcapital.com

• Chandler Dignam – cdignam@anchorpointcapital.com

• Jacob Sparks – jsparks@anchorpointcapital.com