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Investment Highlights

  • 20-year absolute net ground lease featuring 10% rental increases every 5 years
  • Murphy Oil USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country
  • Explosive growth Denver submarket – 15% and higher population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
  • Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.
  • Ideal location – busy retail thoroughfare (30,000 VPD) surrounded by major national tenants driving traffic to the direct trade area
  • Subject property just down the street from the Outlets at Castle Rock – the #1 ranked factory outlet in Colorado in terms of annual visits (4.5M) per

Executive Summary

Brand-new 20-year corporate ground lease Murphy USA featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property is located in Castle Rock – an explosive growth, affluent Denver submarket boasting average household incomes of $198K in a 5-mile radius.

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
2,842 SF
Building Class
B
Year Built
2026
Price
$4,286,000
Price Per SF
$1,508.09
Cap Rate
5.25%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Zoning
PD (Town of Castle Rock)
Parking
16 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
108’ on Founders Pky
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

Stretch Zone
Pure Barre
KeyBank
Chase Bank
Outback Steakhouse
IHOP
Wells Fargo Home Mortgage
Natural Grocers
Starbucks
Planet Fitness

Property Taxes

Property Taxes

Parcel Number
2351-263-07-010
Land Assessment
$198,200
Improvements Assessment
$159,460
Total Assessment
$198,200
  • Listing ID: 40147157

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 186 Metzler Dr, Castle Rock, CO 80108

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