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Corporate Murphy Oil Long Lease 8778 Fry Rd 1,350 SF Retail Building Cypress, TX 77433 $3,025,000 ($2,240.74/SF) 5% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease - Zero landlord responsibilities
- Attractive Rent Increases - 10% rental increases every 5 years
- Established National Operator - Murphy Express (Murphy Oil USA branded retail concept)
- Corporate Guarantee lease
- High-Traffic Retail Location - Positioned on Fry Rd in Cypress, TX
- Large 1.44-Acre Parcel - 62,770 SF lot providing excellent visibility and access
Executive Summary
Triple Net Investment Group is pleased to present Corporate Murphy Express at 8770 Fry Rd, Cypress, TX 77433, offered at $3,025,000 with NOI of $151,250. The property is secured by a 20-year Absolute NNN lease (9/30/2017 – 9/30/2037) with 10% rent increases every five years and four (4) five-year renewal options. Built in 2017, the asset features a 1,350 SF freestanding retail building on a 62,770 SF (1.44-acre) parcel with strong visibility along Fry Road. This investment offers long-term passive income backed by a nationally recognized fuel and convenience retailer.
The site is supported by 39,100 residents within a 1-mile radius, reflecting strong recent population growth. The area reports a median house-hold income of $144,600 with projected continued growth. Additionally, the trade area includes approximately 28,100 employees and a strong homeowner-dominant residential base. In Association with Broker of Records
Bethany Babcook
Foresite Commercial Real Estate
The site is supported by 39,100 residents within a 1-mile radius, reflecting strong recent population growth. The area reports a median house-hold income of $144,600 with projected continued growth. Additionally, the trade area includes approximately 28,100 employees and a strong homeowner-dominant residential base. In Association with Broker of Records
Bethany Babcook
Foresite Commercial Real Estate
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,350 SF
Building Class
C
Year Built
2017
Price
$3,025,000
Price Per SF
$2,240.74
Cap Rate
5%
NOI
$151,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.45 AC
Zoning
F1 - Commercial
Parking
8 Spaces (5.93 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 3
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Corporate Murphy Oil Long Lease | 8778 Fry Rd
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