Murphy USA Ground Lease
Murphy USA Ground Lease is a corporate 20-year ground lease convenience and fuel asset located in the DFW submarket of Garland, Texas. The Property, which will operate under the Murphy Express brand, is nearing construction completion with an estimated rent commencement date of September 15, 2020. Shadow anchored by Walmart and Sam’s Club, Murphy USA Ground Lease sits at the intersection of President George Bush Turnpike (“PGBT”) and Garland Avenue which boasts more than 1,000,000 SF of retail GLA. The lease features 8% rent escalations every 5 years with four, 5-year renewal options and zero landlord responsibilities.