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Views: 233 DOM: 434 Updated: 10.25.24 Posted: 09.02.23 Status: Active

Summary

Price $2,417,000
Built/Renov 2023
Tenant Murphy Express | Murphy USA (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,824
Lease Start 12-01-2023
#Units 1,733
Price/SF $855.88
Expiration 12-01-2043
Tenant Type Convenience/Gas
NOI $120,850
R. Term 19.0
Ownership Ground Lease
Rent/SF $42.79
Increases 8.0%/5/yrs
Pop 5Mi 201,509
Lot/AC 1.10
Options 4/5yrs/8%
AHHI 5Mi $56,992

Lease Highlights

  • Brand new 2023 construction
  • Brand new 20-year lease with 4 (5-year) options to extend
  • 8% rental increases every 5 years throughout the primary term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Murphy Oil USA, Inc. (NYSE: MUSA)

Location Description

This newly constructed Murphy Express is situated at the signalized, hard corner intersection of South Buckner Boulevard and Elam Road with access to 29,400 vehicles per day. The subject property consists of a 2,824 square foot retail space, a single row canopy with 7 fueling stations, 14 pumps, and ample parking on a large 1.10-acre parcel. Located along a dense retail corridor, neighboring...

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Maps

  • 1 Mile
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  • 5 Miles

Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,027 95,410 203,090
2023 Total Population : 13,371 97,406 204,390
2023 Employed Civilian Pop : 4,834 39,311 87,073
2023 Total Businesses : 306 1,499 3,503
2023 Average Household Income : $ 53,660 $ 57,056 $ 60,695
2023 Total Consumer Spending : $ 178 M $ 1371 M $ 3210 M
2023 Median Age : 28 29 30
2023 Total Households : 3,738 27,081 59,755
2023 Pop Age 25+: Bachelor's Degree : 265 2,911 7,617
2023 Average Home Value : $ 175,221 $ 200,361 $ 228,958
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Elam Rd Wideman Dr 2009 14,820 0.10 mi
Elam Rd Rowland Ave 2009 8,560 0.18 mi
Buckner Boulevard Kipling Dr 2020 26,748 0.23 mi
Buckner Boulevard Wes Hodges Rd 2021 27,407 0.23 mi
Elam Rd Glenview Dr 2009 13,580 0.34 mi
Hillburn Dr Rayville Dr 2009 2,630 0.38 mi
C F Hawn Freeway S St Augustine Rd 2021 1,200 0.39 mi
Wideman Dr Old Homestead Dr 2004 300 0.39 mi
C F Hawn Fwy Hillburn Dr 2004 1,970 0.39 mi
Rosemont Rd Rose Garden Ave 2001 875 0.40 mi

Listing Broker

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