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Virtual Drive-By

Murphy USA Net

186 Metzler Drive · Castle Rock, CO 80108 · Convenience / Fuel

Asking price
$4,286,000
Cap rate
5.25%
NOI
$225,000

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Lease

Lease typeNet
Term remaining
Expiration04/2046
Rent bumps10% every 5 years
OptionsFour, 5-year
Ground leaseYes
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,842
Price / SF$1,508
Year built2026
Lot size1.04 ac
TypeConvenience Store, Gas Station
Days on market46

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • 20-year absolute net ground lease featuring 10% rental increases every 5 years
  • Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.
  • Murphy Oil USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country with over 1,700 locations in 27 states
  • Ideal location – busy retail thoroughfare (30,000 VPD) surrounded by major national tenants driving traffic to the direct trade area
  • Explosive growth Denver submarket – 15% and higher population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
  • Subject property just down the street from the Outlets at Castle Rock – the #1 ranked factory outlet in Colorado in terms of annual visits (4.5M) per Placer.ai

Property overview

Brand-new 20-year corporate ground lease Murphy USA featuring 10% rental increases every 5 years throughout the base term and option periods.​ Subject property is located in Castle Rock – an explosive growth, affluent Denver submarket boasting average household incomes of $198K in a 5-mile radius.​

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.