SRS Real Estate Partners completed the $2.24 million ground lease (land ownership) sale of a Murphy USA property at 2001 E. Highway 21 in Bryan, Texas.
Built in 2025 and situated on 1.11 acres, Murphy USA recently signed a 20-year, corporate-guaranteed absolute triple net lease. Murphy USA is a leading American independent retailer of gasoline and convenience merchandise, operating over 1,700 locations primarily in the Southeast, Southwest, and Midwest, often situated near Walmart stores.
SRS Capital Markets First Vice President Jake Prater and Senior Managing Principals Patrick Luther and Matthew Mousavi represented the seller, College Station, TX-based Culpepper Realty. The all-cash buyer was a private investor from Utah who owns several other Murphy USA ground leases. The closing cap rate was 5.35%.
Over the past 18 months, SRS has closed approximately 71% of all national Murphy USA transactions — totaling more than $15 million in consideration at an average cap rate of 5.34%. In the past 12 months alone, the firm has completed 80% of all transactions nationwide for the retailer.
