Listed by Secure Net Lease
$3,190,000
Murphy USA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,824
Cap Rate 5%
NOI $159,500
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2042
Rent Bumps Yes
Lease Options (4), 5-Year Options to Renew
Year Built 2022
Acreage 1.340
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/15/2022
Ground Lease Yes
Rare North Dallas Hwy 121 Corner Location | 63,950+ Combined VPD
Marketing description
- 15-Year Absolute NNN Ground Lease with Superior Murphy USA Lease Structure with 10% Rent Increases Every 5 Years
- Premier Signalized Corner Location in North Dallas | Located on Hwy 121 & Valley Ridge Rd that sees Over 63,950+ VPD
- Rare Upgraded Brick Construction with Murphy’s Largest Format Store with 16 Fueling Positions
- Large 1.34 Acre Parcel with Excellent Visibility and Complete Directional Ingress/Egress
- Infill North Dallas Location | 4th Largest U.S. MSA | Over 213,000 Residents in a 5 Mile radius with $144,000+ Avg HH Income
Investment highlights
- 15-Year Absolute NNN Ground Lease with a Superior Lease Structure with a corporate guarantee and 10% rent increases every 5 years in the primary term and during each of the four option periods. Murphy USA standard lease has 8% rental Increases every 5 years.
- High-Traffic Signalized Corner Location on State Highway 121 — The property occupies a direct-access position on State Highway 121 (47,452 VPD), one of the primary commercial and commuter corridors in the northern Dallas–Fort Worth Metroplex.
- Excellent Underlying Real Estate Fundamentals — The site has a large 1.4 parcel on the signalized corner of two major thoroughfares in north Dallas. The property has excellent visibility and easy ingress/egress coming from any direction and then can leave going in any direction as well.
- Established DFW Suburb | 135,983+ Residents | $89,233+ Median HHI — Lewisville, TX is a high-growth northern DFW suburb with a dense, affluent residential base, strong daytime employment population, and exceptional freeway access to the broader Dallas–Fort Worth MSA.
- Murphy USA (NYSE: MUSA) | Fortune 500 | BB+ Credit | $4.28B Revenue — Murphy USA is a leading national retailer of gasoline and convenience merchandise operating approximately 1,800 locations across 27 states, servicing an estimated 2 million customers per day.
- Dallas–Fort Worth Metroplex — 4th Largest MSA in the U.S. — Lewisville is located within the DFW Metroplex, home to 8.3 million+ residents, a median household income exceeding $93,000, and the headquarters of Fortune 500 companies including AT&T, American Airlines, Southwest Airlines, and ExxonMobil.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,500.00
$13,291.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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