186 Metzler Dr - Service Station FOR SALE
Castle Rock, CO 80108 |
$4,286,000 USD
415-308-4987
186 Metzler Dr
Castle Rock, CO 80108
HIGHLIGHTS
- 20-year absolute net ground lease featuring 10% rental increases every 5 years
- Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.
- Murphy Oil USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country
- Ideal location – busy retail thoroughfare (30,000 VPD) surrounded by major national tenants driving traffic to the direct trade area
- Explosive growth Denver submarket – 15% and higher population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
- Subject property just down the street from the Outlets at Castle Rock – the #1 ranked factory outlet in Colorado in terms of annual visits (4.5M) per
OVERVIEW
FOR SALE DETAILS
PRICE
$4,286,000 USD
PRICE/SF
$1,508 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Murphy USA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
-
APN/PARCEL ID
2351-263-07-010
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415-308-4987
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415-308-4987
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