This exceptional investment opportunity presents a brand-new, 2,824-square-foot Murphy USA convenience store and gas station located at a signalized, hard corner intersection in Dallas, Texas. The property sits on a 1.1-acre lot and benefits from a 20-year absolute NNN ground lease commencing December 1, 2023, and expiring December 1, 2043, with four 5-year renewal options. The lease includes attractive 8% rent bumps every five years, ensuring consistent income growth. The property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $120,850. The tenant, Murphy USA, is a leading retailer with over $25.45 billion in revenue, providing exceptional creditworthiness through a corporate guarantee. This prime location enjoys high visibility and traffic counts, situated at the intersection of Elam Road (9,400 vehicles per day) and Buckner Boulevard (20,000 vehicles per day). The surrounding area is densely populated, with over 96,000 residents within a three-mile radius, and includes numerous national retailers such as McDonald's, AutoZone, Dollar Tree, Subway, USPS, and Family Dollar. The asking price is $2,417,000, representing a price per square foot of $855.88. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving Dallas market. The property was built in 2023 and currently enjoys 100% occupancy.
Highlights
Brand new 2,824 SF Murphy USA gas station and convenience store on a 1.1-acre lot.
20-year absolute NNN ground lease with 8% rent increases every five years and four 5-year renewal options.
High-traffic, signalized hard corner location at Elam Road (9,400 VPD) and Buckner Boulevard (20,000 VPD).
Excellent location near national retailers including McDonald's, AutoZone, Dollar Tree, Subway, USPS, and Family Dollar.
Strong demographics: over 96,000 residents within a three-mile radius.
Investment-grade tenant: Murphy USA, a leading retailer with over $25.45 billion in revenue.
Property Details
for 500 Buckner Blvd
Property type
Retail properties, Retail space
Square Feet
2,824 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
47,916 SF
Location Insight
City
Dallas
County
Dallas
State
Texas
Latitude
32.7200451
Longitude
-96.6824576
500 Buckner Blvd, Dallas, Texas
Nearby Similar for Sale
For Sale
$4,995,000
Dallas 7-Eleven Multi-Tenant Retail Investment
High-yield, net-leased retail property in Dallas, TX.
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Contacts
Kyle Varni
Bob Moorhead
Visit Broker Website
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500 Buckner Blvd, Dallas, Texas, 75217
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Disclaimer
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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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500 Buckner Blvd
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