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Murphy USA 960 State 121 hwy 2,824 SF Retail Building Lewisville, TX 75057 $3,190,000 ($1,129.60/SF) 5% Cap Rate
Investment Highlights
- 2022 Construction. 2,824+/- SF Building. 1.34+/- Acre Site
- Excellent Underlying Real Estate Fundamentals | Large 1.4 Parcel on Signalized Corner of Two Major Thoroughfares in North Dallas
- Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $4.28B in Revenue Across 1,800+ Locations
- High-Traffic Signalized Corner Location on State Highway 121 (47,452 VPD)
- Lewisville is an Established DFW Suburb | 135,983+ Residents | $89,233+ Median Household Income
- Lewisville | Located in the Dallas–Fort Worth Metroplex — 4th Largest MSA in the U.S. | Population: 135,983+
Executive Summary
15-Year Absolute NNN Ground Lease with 10% Rent Increases Every 5 Years in Primary Term & 4 Option Periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,824 SF
Building Class
B
Year Built
2022
Price
$3,190,000
Price Per SF
$1,129.60
Cap Rate
5%
NOI
$159,500
Tenancy
Single
Building Height
1 Story
Lot Size
15.66 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R981222 | Improvements Assessment | $0 |
| Land Assessment | $1,700,000 | Total Assessment | $1,700,000 |
Property Taxes
Parcel Number
R981222
Land Assessment
$1,700,000
Improvements Assessment
$0
Total Assessment
$1,700,000
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