Secure Net Lease Facilitates South Texas Murphy USA Sale
Kyle Varni Closes at Aggressive Cap Rate with 1031 Buyer from New York
Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a freestanding Murphy USA in Edinburg, Texas. The buyer, based in New York, was completing a 1031 exchange and originally considered a different Murphy USA asset in Florida. Secure Net Lease leveraged its extensive portfolio of similar listings to redirect the buyer to this South Texas opportunity, ultimately resulting in a seamless transaction.
Kyle Varni, who represented the seller, shared, “This one came together pretty smoothly. We had a 1031 buyer from New York who was originally looking at one of our Murphy deals in Florida, but that didn’t work out. Since we’ve got a good number of Murphy USA listings, I was able to move him over to our Edinburg property.”
The property is located at 101 E Monte Cristo Road in Edinburg and features a ±2,824-square-foot convenience store and fueling facility. The site sits directly in front of a high-traffic Walmart Supercenter and benefits from excellent visibility and access at a signalized intersection. Located in a fast-growing part of the Rio Grande Valley, this location is surrounded by a mix of national retailers and residential growth, making it well-positioned for long-term performance. With strong brand recognition, high daily vehicle counts, and favorable demographics, this asset offered a compelling investment for the buyer.
“Murphy even tried to buy the site themselves, but they were a little late to the game. The buyer knew it was a strong store and closed all cash pretty quickly. We ended up getting a really aggressive cap rate for South Texas” Varni concluded.
This transaction further reflects Secure Net Lease’s ability to identify and align the right buyer with the right asset. By leveraging existing relationships, extensive listing inventory, and deep tenant knowledge, the team was able to keep the buyer engaged and move quickly to closing on a high-demand site.
Murphy USA Inc. (NYSE: MUSA), headquartered in El Dorado, Arkansas, is one of the largest independent retailers of gasoline and convenience merchandise in the United States. With over 1,700 locations nationwide, primarily adjacent to Walmart stores, Murphy USA offers a low-cost, high-volume operating model that continues to attract net lease investors. The company’s proven performance, creditworthiness, and strong store economics make it a top-tier tenant in the retail fuel 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.
