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Murphy USA 186 Metzler Dr 2,842 SF Retail Building Castle Rock, CO 80108 $5,976,355 CAD ($2,102.87 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 20-year absolute net ground lease featuring 10% rental increases every 5 years
- Murphy Oil USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country
- Explosive growth Denver submarket – 15% and higher population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
- Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.
- Ideal location – busy retail thoroughfare (30,000 VPD) surrounded by major national tenants driving traffic to the direct trade area
- 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
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,842 SF
Building Class
B
Year Built
2026
Price
$5,976,355 CAD
Price Per SF
$2,102.87 CAD
Cap Rate
5.25%
NOI
$313,738 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.25 AC
Parking
16 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
214’ on Metzler Drive
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2351-263-07-010 | Improvements Assessment | $222,349 CAD |
| Land Assessment | $276,368 CAD | Total Assessment | $276,368 CAD |
Property Taxes
Parcel Number
2351-263-07-010
Land Assessment
$276,368 CAD
Improvements Assessment
$222,349 CAD
Total Assessment
$276,368 CAD
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Murphy USA | 186 Metzler Dr
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