Murphy USA (GL)

6101 Paredes Line Road, Brownsville, TX 78526

$2,340,000

Cap Rate 5.00%

Views: 7 DOM: 5 Updated: 11.08.24 Posted: 11.08.24 Status: Active

Summary

Price $2,340,000	Built/Renov 2024	Tenant Murphy USA (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,824	Lease Start 02-15-2024	#Units 1,733
Price/SF $828.61	Expiration 12-31-2044	Tenant Type Convenience/Gas
NOI $117,000	R. Term 20.1	Ownership Ground Lease
Rent/SF $48.47	Increases 8.0%/5/yrs	Pop 5Mi 143,065
Lot/AC 1.95	Options 4/5yrs/8%	AHHI 5Mi $77,611

Lease Highlights

Brand new 2024 construction | Estimated completion December
Brand new 20-year ground lease with 4 (5-year) options to extend
The lease features 8% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Priced well below replacement cost
Corporate guaranteed lease (NYSE: MUSA)

Location Description

The subject property is strategically positioned at a highly visible and easily accessible hard corner location at the signalized intersection of Paredes Line Rd and E Alton Gloor Blvd, benefiting from outstanding daily traffic counts of over 25,000 vehicles. It is located close to the University of Texas Rio Grande Valley, which has an enrollment of over 26,400 students. Nearby national...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Strong demographics
Major MSA
Income tax free state
Long 20+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Murphy USA Wikipedia Murphy USA Wikipedia Brownsville, Texas Zip Code 78526 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Murphy USA
Guarantor:Corp T and Rated
Company:Murphy USA, Inc.
# Units:1,733
Tenant S&P: BB+
Moody’s: Ba1
Stock: NYSE: MUSA

About Tenant

Murphy USA Inc. (NYSE: MUSA) is an American corporation operating a chain of retail gas stations across the Southwest, Southeast, Midwest, and Northeast United States. Murphy USA, Inc. locations...

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Listing Broker

Jordan Mulloy

Sands Investment Group

Contact

28 Listings
1626 Views
4 Sold

Doug Roland

Sands Investment Group

Contact

16 Listings
1688 Views
2 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Doug Roland

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Max Freedman

Sands Investment Group

Contact

60 Listings
3916 Views
8 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
1993 Views
4 Sold

Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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