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.
Exclusively Listed By
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
