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Virtual Drive-By
Murphy USA Absolute NNN
7150 LEETSDALE DR · DENVER, CO 80224-1999 · Convenience / Fuel
Asking price
$2,475,000
Cap rate
4.85%
NOI
$120,000
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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 remaining19.8 yrs
Expiration04/2046
Rent bumps8% Every 5 Years
OptionsFour 5-Year
Ground leaseYes
Credit profileCredit Rated + Corporate 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$876
Year built2026
Lot size1.02 ac
TypeConvenience Store, Gas Station, Storefront
Days on market5
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.
8% rental increases every five years in primary term & renewal options
Low ground rent and price point that is well-below replacement cost
Brand-new construction property scheduled to open in October 2026
Tenant is paying rent as it commenced on 4/13/2026
Corporate lease to Murphy Oil USA, Inc. (S&P: BB+)
Absolute triple net ground lease with zero landlord responsibilities
Murphy USA is a leading convenience store operator with 1,800+ locations
Murphy USA is publicly traded (NYSE: MUSA) with a market capitalization of $11 Billion
Densely populated area with 20,000+ people in 1-mile and 540,000 people within 5-miles
Infill location with extreme barriers to entry due to urban density and Denver’s recently passed ordinance limiting new gas station development
Denver now bans new gas stations from being developed within ¼ mile of an existing gas stations, ¼ mile of a light rail station, and within 300 ft of low-density residential zoning adopting one of the nation’s most restrictive zoning ordinances in the U.S.
Just off the major signalized intersection of Leetsdale Drive and Quebec Street with 73,000 VPD
Affluent surrounding area with average annual household income of $136,000 within 5-miles
Positioned 3 miles east of Cherry Creek, Denver’s premier upscale district with approximately 3.8M SF of office, 2.1M SF of retail, 6,300 residential units, and 15M+/- annual visitors Outparcel to a grocery-anchored shopping center that’s 111,000 SF and includes Save A Lot, O’Reilly Auto Parts, Taco Bell, and Burger King
Positioned approximately 6 miles southeast of Downtown Denver
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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.