Cap Rate
4.55%
Year Built
2022
Leasable Area
2,824 SF
Term Remaining
±20 YRS
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Brand new 2022 construction (rent commenced in April)
- 20-Year Abs NNN Ground Lease w/ zero management responsibilities
- Attractive 8% rental increases every 5-year for the life of the lease
- Corporately guaranteed by Murphy USA, Inc. (NYSE: MUSA)
- Located off the intersection of Timberland & Chestnut w/ Traffic counts in excess of 37,000 vehicles daily
- 5-Mile population of ± 50,000 residents
- Murphy USA currently operates more than 1,650 locations across the US and has plans to continue their expansion for the foreseeable future
- Murphy USA has a market cap of $6.75 Billion and a strong credit rating of BB+
Broker of Record
- Kyle Matthews
- License No. 9005919 (TX)
- (310) 919-5757
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225