Murphy USA

NWC 2nd St. & Alameda Blvd.

201 Alameda Blvd. NW

Albuquerque, NM 87114

OFFERING SUMMARY

Purchase Price: $1,800,000

Net Operating Income: $90,000*

Cap Rate: 5.00%

Lease Type: Absolute NNN Ground Lease

*additional income of $622/mo ($7,464.00/yr) from Twice the Ice lease not included in the NOI

INVESTMENT HIGHLIGHTS

Single-Tenant NNN Ground Lease – Murphy USA

New 20-year ground lease

– Rent Commencement – March 22, 2021

– Zero landlord responsibilities

– Significant capital investment by Tenant

Strong credit tenant (Murphy Oil USA, Inc.)

– BB+ credit rating

– Traded on the NYSE (MUSA)

– Operates more than 1,400+ locations

Building Size: +/- 2,824 SF

Land Size: +/- 0.9 Acres

Attractive 8% rental increases every 5 years (base term and options)

Strong real estate fundamentals

– Hard corner, signalized intersection

– Neighboring tenants include Sonic, Champion Xpress Car Wash and Circle K among many others

– This location sells alcohol (high barrier to entry and very desirable)

Significant traffic counts with excellent visibility

– Alameda Blvd (Hwy 528) is a river crossing (connects the east and west sides of the City)

– Over 40,000 cars per day at the intersection of Alameda Blvd. and 2nd St.

Bonus/Additional Income

– Twice the Ice has an ice machine on the site and pays $622/month ($7,464.00/yr) which is not included in the NOI