For Sale
$2,417,000

500 Buckner BlvdDallas, TX 75217

Dallas, TX: High-growth, 20-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
500 Buckner Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message