Auto Service - Gas-Conv
Murphy Express (20-Year Ground Lease)
3331 34th St, Lubbock, TX 79413
Listing Price: $1,796,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Murphy Express ground lease in Lubbock, Texas. The property consists of a 2,800-square-foot, freestanding building that sits on approximately 0.57 acres of land. The lease features 8 percent rental escalations every five years during the primary term, as well as each option thereafter.
Murphy Express (20-Year Ground Lease)
Investment Highlights
- New 20-Year Ground Lease with 8 Percent Rental Escalations Scheduled Every Five Years
- Near Texas Tech University - Largest Employer in the Metro with Nearly 21,000 Jobs and 40,666 Students Enrolled
- Signalized Hard Corner Location on Indiana Avenue and 34th Street; Combined Traffic Counts Exceed 54,111 Vehicles per Day
- Corporate Guarantee by Murphy Oil USA, Inc. (NYSE: MUSA)
- 2022 Construction
- More than 229,030 Residents Within a Five-Mile Radius
Exclusively Listed By
Financing By
Listing Price: $1,796,000
Investment Highlights
- New 20-Year Ground Lease with 8 Percent Rental Escalations Scheduled Every Five Years
- Near Texas Tech University - Largest Employer in the Metro with Nearly 21,000 Jobs and 40,666 Students Enrolled
- Signalized Hard Corner Location on Indiana Avenue and 34th Street; Combined Traffic Counts Exceed 54,111 Vehicles per Day
- Corporate Guarantee by Murphy Oil USA, Inc. (NYSE: MUSA)
- 2022 Construction
- More than 229,030 Residents Within a Five-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Murphy Express ground lease in Lubbock, Texas. The property consists of a 2,800-square-foot, freestanding building that sits on approximately 0.57 acres of land. The lease features 8 percent rental escalations every five years during the primary term, as well as each option thereafter.
Exclusively Listed By
Financing By
