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Virtual Drive-By

Murphy USA Absolute NNN

2403 Randleman Rd · Greensboro, NC 27406 · Convenience / Fuel

Asking price
$2,381,000
Cap rate
5.25%
NOI
$125,000

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining19.4 yrs
Expiration12/2045
Rent bumps8% Every 5 Years
Options4, 5-Year
Ground leaseYes
Credit profileCorporate Guarantee
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 SF2,824
Price / SF$843
Year built2025
Lot size1.69 ac
TypeGas Station
Days on market145

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

• Signalized corner intersection | Randleman Rd & W Meadowview Rd | 26,200 VPD combined | Great visibility and access

• Brand new 2025 construction

• Absolute net ground lease | Zero landlord responsibilities

• Desirable lease term | New 20-year term

• Corporate lease | Murphy Oil USA, Inc. | 1,700+ locations across 27 states

• Located within a dense retail corridor | 2.8M SF within a 2-mile radius

• Large parcel | 1.69 acres

• Strong population growth within 3 miles | 10.96% from 2010-2025

• Attractive population density within 15 minutes | 320,120 residents

• Large industrial presence nearby brings a high volume of daytime workers | 8.6M SF of space within a 2-mile radius

• Within 15 minutes of Moses H. Cone Memorial Hospital & Cone Health Wesley Long Hospital | 800 beds combined

• Within 10 minutes of University of North Carolina Greensboro & North Carolina A&T State University | 33,000 students combined

• 4 miles from James B. Dudley High School | 1,400 students

• 20 minutes from Piedmont Triad International Airport | 280 flights per day

• Nearby destination retailers | Walmart Supercenter, Publix, Harris Teeter, Food Lion, ALDI, Lidl, Lowe’s, Home Depot, Tractor Supply, Olive Garden, Cracker Barrel, Waffle House, Chick-fil-A, McDonald’s, Starbucks, Wendy’s, Zaxby’s, Taco Bell, Bojangles, Biscuitville, Advance Auto Parts, and more

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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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.