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Auto Service - Gas-Conv

Murphy Express

4940 E Evans Ave, Denver, CO 80222

Listing Price: $5,200,000

Cap Rate
3.77%
Tenant Name
Murphy Express
Years Remaining On Lease
20.0
Gross SF
2,824
Guarantor
Corporate Guarantee
Rentable SF
2,824
Price/Gross SF
$1,841.36
Lease Type
NNN Ground Lease
Rent Per Square Feet
$67.28

Investment Overview

Murphy Express occupies the subject property on a new absolute triple-net ground lease with zero landlord responsibilities. Rent is set to commence on 6/29/2022 and the initial term of the lease is set to expire on 6/28/2042.

Investment Highlights

  • New 20-Year Absolute NNN Ground Lease with Year 3 Rent Increase
  • Strong Corporate Guaranty - Murphy Oil USA, Inc.
  • Rare Infill Denver Highway Exit Location
  • Prime Urban Denver Location
  • Primary Gas Station/Convenience Store at I-25 and Evans

Exclusively Listed By

Auto Service - Gas-Conv

Murphy Express

Listing Price: $5,200,000

Cap Rate
3.77%
Tenant Name
Murphy Express
Years Remaining On Lease
20.0
Gross SF
2,824
Guarantor
Corporate Guarantee
Rentable SF
2,824
Price/Gross SF
$1,841.36
Lease Type
NNN Ground Lease
Rent Per Square Feet
$67.28

Investment Highlights

  • New 20-Year Absolute NNN Ground Lease with Year 3 Rent Increase
  • Strong Corporate Guaranty - Murphy Oil USA, Inc.
  • Rare Infill Denver Highway Exit Location
  • Prime Urban Denver Location
  • Primary Gas Station/Convenience Store at I-25 and Evans

Investment Overview

Murphy Express occupies the subject property on a new absolute triple-net ground lease with zero landlord responsibilities. Rent is set to commence on 6/29/2022 and the initial term of the lease is set to expire on 6/28/2042.

Exclusively Listed By

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