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Murphy USA
6101 Paredes Line Road, Brownsville, TX, 78526, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,824 SF Murphy USA Absolute NNN Ground Lease Located at 6101 Paredes Line Road in Brownsville, TX. This Deal Includes a Brand New 20-Year Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities and Corporately Guaranteed By Murphy USA, Providing For a Secured Investment.
- Brand New 20-Year Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities
- Corporately Guaranteed By Murphy USA – A Leading Retailer of Gasoline and Convenience Store Products With Over 1,730 Stores and Serving Approximately 2 Million Customers Per Day
- Brand New 2024 Construction | Estimated Completion December 2024
- Murphy Oil USA, Inc. is a Publicly Traded Company (NYSE: MUSA) With a $8.71B Market Cap
- High Visibility and Easily Accessible Hard Corner Location At The Signalized Intersection of Paredes Line Rd and E Alton Gloor Blvd – Providing Outstanding Daily Traffic Counts of Over 25,000 VPD
- Large and Growing Demographics – Over 143,000 People Within a 5-Mile Radius
- Priced Well Below Replacement Cost | New Murphy USA Large Format Store With 12 Fueling Positions on 1.95 Acres
- Close By University of Texas Rio Grande Valley With Over 26,400 Students
- Brownsville Functions as a Vital Trade Center For the Region, Serving as a Gateway Between the U.S. and Mexico
- Brownsville is Largest City in the Rio Grande Valley and is Recognized as One the Safest Cities in the United States
- Texas is an Income Tax Free State
- Nearby National Retailers Include: Sunoco, Advance Auto Parts, O’Reilly Auto Parts, Domino’s, Little Caesars, Pizza Hut, Dollar Tree, Denny’s, Subway, CVS and More
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
Murphy USA
6101 Paredes Line Road, Brownsville, TX, 78526, USA
MURPHY USA
Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,700 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA’s stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 182 among Fortune 500 Companies.
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$11,750,000
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Price
$2,228,571
Cap Rate
5.25%
PREMISES
2,824 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
12/31/2044
Lease Type
Absolute NNN Ground Lease
RENTAL INCREASES
8% Every 5 Years
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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