Murphy Express | Ground Lease Lubbock, TX

5113 82nd Street
Lubbock, TX

Price: $2,632,000
Cap Rate: 4.75%
NOI: $125,000
Building Size: Approx. 2,824 Sq. Ft.
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2022

Investment Overview

  • 2022 Construction. 2,842+/- SF Building on 0.88+/- Acre Site
  • Brand New 20 Year Absolute NNN Ground Lease w/ 8% Rental Bumps Every 5 Years in Primary & Options
  • Excellent Signalized, Hard Corner Location at the Intersection of 82nd St (28K VPD) & Slide Rd (36K VPD)
  • Strategically Located at the Entrance to a Shopping Center Featuring a Harbor Freight Tools, UPS, & More
  • Strong Income Demos w/ an est. $108,000 Within a 1-Mile Radius of the Subject Property
  • Murphy USA is a Leading Retailer of Gasoline and Convenience Merchandise w/ More Than 1,700 Locations
  • Lubbock  |  4% Growth Rate in the Past 5 Years  |  Population: 260,500+