SNL Closes Texas Murphy USA Sale in the Rio Grande Valley

Secure Net Lease, a nationally recognized brokerage firm specializing in the acquisition and disposition of investment real estate, has successfully closed the sale of a freestanding Murphy USA property located in Alamo, Texas. The asset was acquired by a Texas-based all-cash buyer seeking stable NNN investments, highlighting continued investor demand for high-performing convenience retail in the Rio Grande Valley.

Harrison Cooper shared, “This was actually my first deal with Secure Net Lease, so I was glad it went as smoothly as it did. We represented the developer on this Murphy USA in Alamo, and overall the transaction came together really well. We were able to generate strong interest and ultimately close at a very competitive cap rate for the market.”

The Murphy USA is strategically positioned at the signalized hard corner of FM 495 and Alamo Road, just north of Interstate 2/U.S. 83 in the heart of the McAllen–Edinburg–Mission MSA. The site benefits from strong daily traffic counts exceeding 80,000 vehicles at the nearby interstate, providing exceptional visibility and accessibility. The property is located within a dominant retail corridor anchored by Walmart and H-E-B, with additional nearby national retailers and service providers driving consistent consumer traffic. The surrounding area is supported by major regional demand drivers including the University of Texas Rio Grande Valley, South Texas College, prominent healthcare facilities, and McAllen International Airport. The Rio Grande Valley continues to experience steady economic and population growth, supported by retail, healthcare, education, and international trade, reinforcing long-term viability for well-located retail assets.

“Everything moved efficiently on both the buyer and seller side, which always makes a difference. We’ve worked with the buyer’s broker on multiple transactions before, so there was already a level of trust and familiarity there that helped keep the process on track. I believe we only had the property on the market for about 40 days, so it turned around relatively quickly. It was a solid deal all around” Harrison concluded.

Murphy USA (NYSE: MUSA) is one of the largest independent gasoline and convenience retailers in the United States, operating more than 1,750 locations across 27 states. Known for its strategic positioning adjacent to Walmart Supercenters and high-volume retail corridors, Murphy USA maintains a strong operating model focused on value-driven fuel and merchandise sales. The company’s scale, brand recognition, and consistent performance make it a highly desirable tenant in the net lease investment market, offering investors dependable long-term income backed by an established national operator.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Episode 10 – Retail Recap Back in Business: Market Insights and Trends

In this episode, hosts Jeremy Mercer, Rob Franks, and Secure Net Lease’s Bob Moorhead are back with a packed start to 2026. From surging 7-Eleven demand to sublease fallout and Dallas’ ridiculous retail construction pipeline, the team covers all the major trends so far this year.

Key Topics Covered:

7-Eleven, Chipotle & Starbucks Market Insights

  • 7-Eleven listings dropped sharply from 77 to 49 month-over-month, driven by exchange buyers and year-end bonus depreciation closings. Median price now sits at $8M with a 5.15% median cap rate.
  • Chipotle shows positive absorption with inventory holding steady near 53 listings and median cap rates around 5%. High demand continues, especially for locations with “Chipotlane” drive-thrus.
  • Starbucks listings declined from 138 to 113, signaling improving absorption. Though cap rates are still hovering near 6%, the brand is investing heavily in remodels—targeting 1,000 sites in 2026.

Protein Wars
From Chipotle’s double protein bowls to Starbucks pushing protein in drinks, the team discusses how weight-loss drugs like GLP-1s are reshaping consumer preferences—and how major QSR tenants are responding.

Financing Outlook
The 10-year Treasury remains sticky in the 4.0%–4.25% range. Lenders are quoting shorter 5-year terms, and rate cuts may be limited. Still, lower construction and bridge loan costs could drive more development in 2026.

Retail Headlines & Closures

  • Wingstop hits 3,000 locations, with 800 added since 2023.
  • Tractor Supply celebrates 2,400 stores with plans for 100 more.
  • Aldi targets 180 new locations and a revamped e-comm rollout.
  • Wendy’s will close 300 stores, while GameStop will shutter 470—including 45 in Texas.
  • Salad & Go exits Texas entirely; Dallas sites may backfill quickly with drive-thru users like Dutch Bros and 7 Brew.

Retail Real Estate in Dallas
The team breaks down data from the ICSC New York show and Weitzman’s Texas Retail Forecast:

  • DFW retail occupancy hit a record 95.3% in 2025.
  • Grocery-anchored centers are booming, with 18 new openings in 2025 and 34 more in the pipeline.
  • Power centers are making a comeback, with 6–8 currently under construction—unheard of in most U.S. markets.

Tenant Strategy & Risk Management
Advice for investors with $3–4M budgets: consider ground leases with strong credit (e.g., Murphy, Circle K, Starbucks) over high-yield, high-risk tenants like 1-5 unit franchisee operators. The team also discusses the growing threat of theft in vacant buildings—and why site security is now essential.

Card Shops & Cultural Trends
A surprise retail category re-emerges: collectible card shops. New concepts like Card Vault, Wax, and Cards in a Box are opening across DFW, reflecting nostalgic demand—and serious spend.

From market data to mall activations, Episode 10 kicks off the year with optimism, analysis, and a few protein-packed predictions for what’s next in retail real estate.

How to Listen–
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Secure Net Lease Facilitates Starbucks Sale in Houston MSA

Secure Net Lease has successfully closed the sale of a newly constructed, freestanding Starbucks located in El Campo, Texas, in the Houston MSA. The property was acquired by a private investor based in the Houston area completing a 1031 exchange. The transaction reflects continued investor demand for net lease assets with national tenants in expanding secondary markets across Texas.

Edward Benton, who represented the seller, commented, “The El Campo deal was a little tougher than I would’ve liked, but we were able to get it across the finish line. We sold the property to a local 1031 exchange buyer out of the Houston area, and this was actually their first single-tenant investment. I walked them through the process and shared some insight from my experience with these types of assets, which helped them get comfortable moving forward. In the end, they closed all cash, and it turned into a really solid outcome for both the buyer and the seller.”

Located at 1407 N. Mechanic Street, the Starbucks is a brand-new construction offering excellent visibility and accessibility off Highway 71, the city’s primary commercial corridor. The site is surrounded by a growing base of national retailers, including Walmart Supercenter, Tractor Supply Co., and H-E-B, contributing to steady traffic counts and consistent consumer demand. With limited direct competition nearby and proximity to downtown El Campo, the location is strategically positioned to serve both local and regional customers in the Wharton County area.

Starbucks Corporation continues to be one of the most sought-after tenants in the net lease market, offering long-term stability, exceptional brand equity, and consistent foot traffic. Their modern building prototypes, drive-thru accessibility, and strong credit profile make them a preferred investment for both first-time and seasoned buyers nationwide. The El Campo location is another example of Starbucks’ expanding footprint in high-growth secondary and tertiary markets.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes Starbucks Sale in East Texas Corridor

Secure Net Lease has successfully completed the sale of a freestanding Starbucks in Corrigan, Texas. The property was acquired by a private investor out of Houston, Texas, marking another repeat buyer relationship cultivated by Secure Net Lease. This transaction highlights the firm’s continued success in pairing high-performing net lease assets with experienced investors in fast-moving, all-cash deals.

Edward Benton, who represented the seller, stated, “This was a really smooth transaction from start to finish. I’ve worked with this private investor group out of Houston multiple times over the years, they’ve purchased four or five Starbucks locations through me, and they’re always great to work with. They know what they’re looking for and they move quickly.”

The Starbucks is located at 609 S. Home Street in Corrigan, TX, along U.S. Highway 59, a key route connecting Houston to Lufkin and East Texas. The property features a brand-new ±2,221-square-foot building on a signalized intersection with full access and excellent visibility. Its position along a primary thoroughfare provides significant daily traffic and exposure. The site benefits from proximity to other national retailers and serves as a convenient stop for both local residents and commuters traveling through this part of East Texas.

“This particular deal was all cash and we were able to go from contract to close in just 30 days. It was a very efficient process, and I was happy to be working with a repeat buyer again on another successful closing” Benton concluded.

Starbucks continues to be one of the most sought-after tenants in the net lease sector. As a global brand with a strong operating model and proven unit-level economics, Starbucks locations typically command long-term leases and generate consistent investor demand. With its continued U.S. expansion and customer loyalty, Starbucks remains a premier tenant for investors seeking stability, growth, and brand recognition.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

 

Secure Net Lease Closes Multi-Tenant Retail Center in Hillsboro, TX

Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of Hillsboro Commons, a ±15,750-square-foot multi-tenant retail center located in Hillsboro, Texas. The center was acquired by a private capital investor from the Dallas-Fort Worth metroplex. The deal marked another value-driven transaction facilitated by Secure Net Lease in a high-visibility, secondary Texas market.

Sam House, who represented the seller, shared, “Hillsboro Commons had actually been on the market for a little over a year with another broker, but once we picked up the listing, we were able to re-position it, get the right eyes on it, and ultimately get it sold. Overall, it ended up being a pretty smooth transaction, and we were able to save the seller some major headaches by handling it the right way.”

Hillsboro Commons is strategically positioned near the intersection of Interstate 35 and U.S. Highway 77, just south of the Hillsboro Outlet Center and across from Walmart Supercenter. The location benefits from exceptional visibility and a consistent stream of consumer traffic drawn from both local residents and travelers along I-35. Secure Net Lease implemented a marketing approach that emphasized the property’s core strengths and lease-up potential. A key component of the closing strategy was managing a master lease structure in a way that avoided buyer credit negotiations, as the vacant space was backfilled prior to closing, simplifying the process and preserving seller value.

“The proximity to Walmart was also a major positive, especially in a secondary market like Hillsboro, because it gives the center strong daily traffic and long-term retail stability. That was a big driver for buyer interest, and in the end we were able to close at a very competitive cap rate for the area. We were really happy with how it all came together” Sam concluded.

The shopping center features a healthy mix of internet-resistant tenants and service-based operators that benefit from daily traffic generators in the immediate area. Hillsboro, located midway between Dallas and Waco, continues to benefit from population and infrastructure growth as development spreads along the I-35 corridor. This sale reinforces the growing investor appetite for stabilized multi-tenant assets in high-visibility, secondary market locations with strong national co-tenancy.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

SNL Closes Texas Starbucks Sale at Aggressive Cap Rate

Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a newly constructed Starbucks in Navasota, Texas. The property was acquired by a private 1031 exchange investor based in Houston, highlighting continued demand for nationally recognized, net-leased assets in Texas’ growing secondary markets.

Edward Benton, who represented the seller, shared, “This one was definitely a more challenging deal, but staying patient and trusting the process ultimately got us across the finish line. We were able to source a 1031 exchange buyer out of Houston, and it took some persistence and strong communication to keep everything moving in the right direction, but we stayed on top of it through every step. In the end, we were able to get it closed at a very aggressive cap rate for the Navasota market, which made the extra effort well worth it.”

The ±2,365-square-foot Starbucks is located at 2002 State Highway 105 E in Navasota, just southeast of the Bryan-College Station area. Positioned at a high-visibility intersection along one of the city’s primary commercial corridors, the site offers exceptional access and exposure to daily commuter and local traffic. The property is surrounded by established retail, including Walmart Supercenter, Tractor Supply Co., and H-E-B, and benefits from its proximity to residential growth and the Texas A&M University system. The deal was part of a broader development strategy by a Texas-based merchant builder and closed with 50% loan-to-value financing.

Starbucks Corporation (NASDAQ: SBUX) is one of the most recognized and respected brands globally, operating over 38,000 stores across 80+ markets. Known for its real estate strategy that targets high-visibility and high-traffic locations, Starbucks continues to be a top-performing tenant in the net lease sector. The brand’s investment-grade credit, customer loyalty, and daily-use business model make it a favored choice for private and institutional investors seeking long-term, stable income streams.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes San Antonio MSA Advance Auto Parts Sale

Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a freestanding Advance Auto Parts property in Bulverde, Texas. The transaction was completed with a 1031 exchange buyer based in nearby Austin, showcasing Secure Net Lease’s continued ability to match motivated buyers with quality single-tenant assets in high-growth suburban markets.

Anthony Pucciarello, who represented the seller, shared, “We were able to source a local buyer who was in a 1031 exchange and already very familiar with Advance Auto Parts as a tenant, as well as the greater Austin-area market. Because of that familiarity, the buyer was decisive and ready to move quickly.”

Located in the rapidly expanding Texas Hill Country community of Bulverde, the ±6,889-square-foot Advance Auto Parts store is strategically positioned along a primary commercial corridor with strong traffic visibility and access. The property benefits from its proximity to major retailers and residential growth, sitting just north of San Antonio in one of the most active suburban markets in the state. The site’s infill location, durable construction, and long-term lease structure made it an attractive fit for exchange-motivated buyers seeking passive income and tenant stability.

“Once we got it under contract, everything lined up, and we were able to complete the closing in just four days. It was a smooth, efficient process and a great outcome for everyone involved” Anthony concluded.

Advance Auto Parts, Inc. (NYSE: AAP), headquartered in Raleigh, North Carolina, is one of the leading automotive aftermarket parts providers in North America. With more than 4,700 stores and 300 Worldpac branches throughout the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands, Advance Auto Parts serves both professional installers and DIY customers. Its national scale, strong brand presence, and focus on essential services continue to make it a highly desirable tenant within the net lease investment sector.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes Dallas MSA Starbucks Sale

Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a freestanding Starbucks in Carrollton, Texas. The buyer, a local 1031 exchange investor based in Dallas, acquired the property just ahead of the store’s grand opening. This transaction reflects continued demand for high-quality, new construction assets in strong suburban Dallas-Fort Worth submarkets.

Anthony Pucciarello, who represented the seller, shared, “We went under contract on this one just before the store officially opened, so the timing worked out really well. The transaction was incredibly smooth from start to finish, thanks to a local 1031 exchange buyer who was easy to work with and motivated to close.” 

Located at 1010 W. Hebron Parkway, the ±2,225-square-foot building sits at a high-traffic signalized intersection just west of I-35E and minutes from major retail hubs and dense residential communities. The site offers strong visibility, easy access, and long-term stability due to its placement along a well-established commercial corridor.

“Everything aligned well on both sides, and we were able to get it across the finish line without any complications. We also achieved a very competitive cap rate for the Carrollton market, which was a great result for the seller and really speaks to the strength of the tenant and the real estate” Anthony concluded.

Starbucks Corporation (NASDAQ: SBUX) is one of the most recognizable brands in the world, operating more than 38,000 locations globally. Known for its strong customer loyalty, consistent foot traffic, and real estate strategy that emphasizes visibility and access, Starbucks continues to be a leading tenant in the net lease market. Its investment-grade credit rating, essential service offering, and dominant market presence make it one of the most sought-after tenants by private and institutional investors alike.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

SNL Completes Sale of Shoppes at Whitestown at Competitive Cap Rate

Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of Lot 4 at the Shoppes at Whitestown, a multi-tenant outparcel located in the heart of Whitestown, Indiana. The deal marks the third and final outparcel sold at the development and was purchased by the same local buyer who previously acquired the other two pads. The buyer’s continued confidence in the site and market reflects the center’s long-term potential and strong retail demand.

Sam House, who represented the seller, shared, “This was the third and final outparcel in the Shoppes at Whitestown power center development, and we ended up selling it to the same buyer who had purchased the other two pads. It was great to see that continuity and to work with a buyer who already understood the value of the location. A big takeaway with this one was the importance of staying patient and keeping a level head throughout the process. There were a few moments that required some strategic thinking, but ultimately, we were able to deliver a clean, on-time closing. We’re really proud of how this deal came together”

Lot 4 consists of a ±7,400-square-foot multi-tenant retail building strategically positioned within one of Whitestown’s most active retail corridors. The property benefits from excellent visibility, signalized access, and high daily traffic counts. It is situated directly adjacent to the Shoppes at Whitestown main center, surrounded by national anchors including Meijer, Hobby Lobby, and PetSmart. The site is less than a mile from I-65, which connects the area to the greater Indianapolis metro. With strong regional demographics and significant ongoing residential growth, the site offers long-term upside and stability for both tenants and ownership.

The tenant mix within Lot 4 includes a blend of essential service and national brands, offering a diverse lineup that drives daily traffic. The stability of the rent roll and long-term lease structures enhance the investment appeal, making it a strong fit for long-term holders seeking dependable cash flow. The asset’s visibility, quality construction, and strategic location within an established retail hub further reinforce its strength as a multi-tenant investment.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Wraps Quick Closing on Chipotle in Fort Worth

Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a freestanding Chipotle in Fort Worth, Texas. The asset was acquired by an all-cash 1031 exchange buyer based in Los Angeles, California. The property’s prime location and tenant profile contributed to a swift and seamless transaction, reflecting Secure Net Lease’s continued success in pairing high-performing assets with exchange-driven investors.

Edward Benton, who represented the seller, shared, “This one was a pretty straightforward deal from start to finish. We worked with an all-cash 1031 exchange buyer out of California who moved quickly and had a clear timeline. The store was already open and operating, so everything was in place and ready to go. That helped make the process very efficient. We were able to close right on schedule, and it ended up being a win-win on both sides. The buyer was happy with the asset, and we closed at a very strong cap rate for the Fort Worth market, so everyone walked away feeling good about how it all came together.”

Located at 2929 E. Berry Street in Fort Worth, this ±2,325-square-foot building sits on a high-traffic corridor with strong surrounding demographics and nearby national retailers. The property is part of a high-visibility development positioned in an infill trade area and benefits from signalized access and significant daily traffic counts. The site is secured by a long-term lease with Chipotle, and the store was open and operational at the time of sale, contributing to its strong investor appeal and stable cash flow profile.

This transaction highlights Secure Net Lease’s continued momentum with quick-service restaurant assets and exchange-motivated buyers. By leveraging market familiarity and established relationships, the team ensured a seamless deal experience for both parties, resulting in a successful closing that aligned with the seller’s objectives and the buyer’s timeline.

Chipotle Mexican Grill, Inc. (NYSE: CMG) is one of the most prominent fast-casual dining concepts in the United States, known for its commitment to fresh ingredients and customizable menu options. With over 3,000 locations nationwide and a loyal customer base, Chipotle is a preferred tenant in the net lease sector due to its strong corporate financials, forward-looking operational model, and continued expansion across top-performing retail corridors.

About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

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