Murphy Express | Ground Lease Victoria, TX

3509 Houston Highway
Victoria, TX

Price: $2,000,000
Cap Rate: 5.25%
NOI: $105,000
Building Size: Approx. 2,824 Sq. Ft.
Lot Size: Approx. 0.98 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2023

Investment Overview

  • 2023 Construction. 2,824+/- SF Building on 0.98+/- Acre Site
  • 20-Year Absolute NNN Ground Lease w/ 8% Rental Increases
  • Signalized,  High-Traffic Intersection of US 59 & Delmar Dr (35,500+ Combined VPD)
  • Less than 1 Mile Away from University of Houston – Victoria | Over 4,000 Students Enrolled
  • Closest Gas Station to University of Houston – Victoria Student Housing | Over 500 Beds
  • Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
  • Victoria  |  Home to the Largest Medical Community in the Golden Crescent Region |  Population: 67,974