500 Buckner BlvdDallas, TX 75217

Property Details for 500 Buckner Blvd

Year built

1956

Construction

FRAME

Lot size

1.35 AC

Property size (Sq ft)

1,477 SF

Zone code

Z239

Property type

Retail properties

Property subtype

Gas stations

APN

006342000E0040000

APU

006342000E0040000

Description

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.

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7202

Longitude

-96.6825

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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