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1601 Western Center Blvd
Fort Worth, TX 76131
Murphy Oil · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN ground lease to Murphy Oil Corporation (NYSE: MUR), a leading energy services provider.
- Tenant is 100% responsible for taxes, insurance, maintenance, roof, structure, and parking – delivering a truly passive investment.
- As of mid-2025, the company held approx. $1.5 billion in liquidity (including $1.15 billion undrawn under senior unsecured credit facility).
- Rent increases of 10% every 5 years (both initial term and options) ensure consistent income growth.
- In Q1 2025, Murphy Oil reported $636 million in revenue and a realized oil price of $72.20/barrel.
- The company posted an 81 Relative Strength (RS) Rating in 2024, indicating strong technical performance within its industry.
EXECUTIVE SUMMARY
This gas station benefits from a highly visible and easily accessible location near the signalized intersection of North Blue Mound Road and Western Center Boulevard, which sees a combined traffic count of over 37,000 vehicles per day. As of mid-2025, Murphy Oil has maintained approximately $1.5 billion in liquidity, including $1.15 billion undrawn under its senior unsecured credit facility, providing financial flexibility for future investments. The five-mile radius serves a populous region of 288,931, with an average annual household income of $114,967. Located across the street from Saginaw High School, the property draws a large number of faculty and students (2,200 students), and it is only 10 miles south of Downtown Fort Worth, a region with 1.1 million residents driving significant economic activity. Projected population and income growth within the 1-, 3-, and 5-mile radii over the next five years positions this Murphy Oil location for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Service Station
Building Size
2,500 SF
Building Class
C
Year Built
2025
Price
$4,136,790 CAD
Price Per SF
$1,654.72 CAD
Cap Rate
5%
NOI
$206,839 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.15 AC
Parking
23 Spaces (9.2 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 07612818 | Improvements Assessment | $0 CAD |
| Land Assessment | $910,094 CAD | Total Assessment | $910,094 CAD |
PROPERTY TAXES
Parcel Number
07612818
Land Assessment
$910,094 CAD
Improvements Assessment
$0 CAD
Total Assessment
$910,094 CAD
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