Listed by CP Partners
$4,286,000
Murphy USA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,842
Cap Rate 5.25%
NOI $225,000
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 20
Lease Expiration 04/30/2046
Rent Bumps Yes
Lease Options Four, 5-year
Year Built 2026
Acreage 1.040
Lease Commencement 04/15/2026
Ground Lease Yes
20-Year Corporate Ground Lease | New Construction Gas Station/C-Store (NYSE: MUSA)
Marketing description
Brand-new 20-year corporate ground lease Murphy USA featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property is located in Castle Rock – an explosive growth, affluent Denver submarket boasting average household incomes of $198K in a 5-mile radius.
Investment highlights
- 20-year absolute net ground lease featuring 10% rental increases every 5 years
- Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.
- Murphy Oil USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country with over 1,700 locations in 27 states
- Ideal location – busy retail thoroughfare (30,000 VPD) surrounded by major national tenants driving traffic to the direct trade area
- Explosive growth Denver submarket – 15% and higher population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
- Subject property just down the street from the Outlets at Castle Rock – the #1 ranked factory outlet in Colorado in terms of annual visits (4.5M) per Placer.ai
Listing Contacts
Listed by CP Partners
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$225,000.00
$18,750.00/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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