1012 37th St - Freestanding FOR SALE


Evans, CO 80620
$3,358,000 USD
602-206-0784
1012 37th St, Evans, CO for Sale
$3,358,000 USD
Freestanding - FOR SALE
1/4
null | 5.1% Cap Rate

1012 37th St
Evans, CO 80620


OVERVIEW

- Murphy USA is already paying rent and is expected to open for business in August 2025. - The Property sits on a large ±1.93-acre parcel at a signalized intersection along a critical transportation corridor (US 85 - ±29,000 VPD; ±2,100 daily trucks). - The Property will be the 2nd Murphy store in Colorado (out of 40 total) that offers dedicated diesel fueling lanes for truckers. - The Property is located at the main and main intersection in Evans, CO on a hard corner with excellent visibility and frontage off Hwy 85 and 37th St (±40,000 VPD). - Between 2010 and 2020, the population of the Greeley MSA (i.e. all of Weld County) grew over 30%, making it the fastest-growing metro area in Colorado and the fourth fastest in the country during that time (Source: 5280.com; US Census Bureau).  - Murphy USA (NYSE: MUSA) is the 4th largest c-store operator in the United States with ±1,757 stores throughout the country.  - Brand-new 20-year ground lease with four 5-year options; 8.0% rental increases every 5 years. - Absolute triple-net (NNN) lease with zero landlord responsibilities. Ideal for an investor seeking passive cash-flow. - Mineral Royalty Income of ±$1,500/month provides additional return to investor.

FOR SALE DETAILS

PRICE

$3,358,000 USD

PRICE/SF

$1,189 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy USA Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

-

APN/PARCEL ID

096129243001

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.