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Bryan, TX - Murphy USA
2001 E Hwy 21 | Bryan, TX 77803
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee (land ownership) in an absolute NNN leased, Murphy USA investment property located in Bryan, Texas. The tenant, Murphy USA, Inc., recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a absolute NNN Ground Lease with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Location
The Murphy USA is located near the signalized, hard corner intersection of E State Highway 21 and North Texas Avenue, combining to average over 40,700 vehicles passing by daily. E State Highway 21, is the major retail thoroughfare serving the city of Bryan. The Murphy USA is an outparcel to a Family Dollar and Dollar Tree anchored center. The asset is adjacent to a 100,000+ square foot HEB that also features an HEB Fuel. In addition, Murphy USA is located in close proximity to Colony Park Shopping Center, a 100,000+ square foot shopping center anchored by Kroger, it also includes other national/credit tenants including a Wingstop, Freddy’s, Starbucks, Subway, as well as many other local tenants. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Dutch Bros, Taco Bell, Jack in the Box, Wendy’s, Domino’s, McDonald’s, Burger King, and many more, further increasing consumer traffic to the site. The subject property is in close proximity to St. Joseph Health College Station (167 Beds), the largest medical facility in College Station. The 5-mile trade area is supported by a population of over 99,665 and 47,407 employees with an average household income of $80,401.
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226