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REPRESENTATIVE PHOTO
MURPHY EXPRESS (GROUND LEASE)DENVER, CO
C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M
Actual Property – Construction Photo Taken on 7/2/2020
This confidential Offering Memorandum, has been prepared by Blue West Capital, LLC (“Blue West Capital”) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Blue West Capital recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as Murphy Express, Denver, CO (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statementsmade in this Offering Memorandum or upon any other materials, statements or information provided by Blue West Capital or its brokers.
Blue West Capital makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Blue West Capital has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Blue West Capital and the Owner of the Property. Blue West Capital makes no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Blue West Capital and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Blue West Capital and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written
or oral communication transmitted or made available to you. Blue West Capital shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of Blue West Capital. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Blue West Capital at your earliest convenience.
DISCLAIMER
R O B E R T E D WA R D S - L E A DManaging Partner
Z A C H W R I G H T - L E A DDirector, Net Lease Investment Sales
T O M E T H I N G T O N Managing Partner
B R A N D O N G AY E S K IAssociate
S H AW N D I C K M A NAssociate
B R A N D O N W R I G H TAnalyst
4 0 0 S C O L O R A D O B L V D , # 4 2 0 , D E N V E R , C O 8 0 2 4
B L U E W E S T C A P I T A L . C O M
I N V E S T M E N T H I G H L I G H T S
I N V E S T M E N T O V E R V I E W
A E R I A L S
P R O P E R T Y P H O T O S
S I T E P L A N S
M A P S & D E M O S
T E N A N T O V E R V I E W
L O C A T I O N O V E R V I E W
TA
BL
E
OF
C
ON
TE
NT
S
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 4
INVESTMENT H I G H L I G H T S
• Located in Denver within the highly coveted North Stapleton neighborhood
• Long-term ground lease with 20 years remaining
• 10% rental increases every five years
• Corporate ground lease with no landlord responsibilities
• Murphy USA is a publicly traded company (NYSE: MUSA) with a $3.5 billion market capitalization
• Affluent surrounding area with average annual household incomes of $165K+ within one mile
• Immediate proximity to Dick’s Sporting Goods Park, home to the Colorado Rapids and
• Positioned at a heavily trafficked signalized intersection
• Over 62,000 people living within three miles
• Directly across the street from Northfield High School and DSST High School
• Close proximity to numerous large industrial properties
• Brand new construction property (2020)
• Low overall rent and price point for a convenience store property in Colorado
numerous concerts with a 27K person capacity
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 5
INVESTMENT O V E R V I E W
P U R C H A S E P R I C E T E N A N T
$2,777,777 Murphy Oil USA, Inc.
C A P R AT E L E A S E T Y P E
4.50% Ground Lease
N E T O P E R AT I N G I N C O M E L A N D LO R D R E S P O N S I B I L I T I E S
$125,000 None
R E N T C O M M E N C E M E N T B U I L D I N G S I Z E
July 11, 2020 2,800*SF
L E A S E E X P I R AT I O N L A N D S I Z E
July 31, 2040 1.21 Acres
R E N TA L E S C A L AT I O N S Y E A R B U I LT
10% Every 5 Years 2020
R E N E WA L O P T I O N S
Four 5-Year
N O I S C H E D U L E
Years NOI Period Increase 1-5 $125,000 Primary Term -
6-10 $137,500 Primary Term 10.0%
11-15 $151,250 Primary Term 10.0%
16-20 $166,375 Primary Term 10.0%
21-25 $183,013 Option 1 10.0%
26-30 $201,314 Option 2 10.0%
31-35 $221,445 Option 3 10.0%
36-40 $243,590 Option 4 10.0%
*Excludes canopy.
5640 N Central Park Boulevard Denver, CO 80238
5640 N Central Park Boulevard Denver, CO 80238
A D D R E S S
10% Every 5 YearsR E N T A L E S C A L A T I O N S
2020Y E A R B U I L T
Ground LeaseL E A S E T Y P E
$2,777,777P R I C E
20 yearsL E A S E T E R M
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 6
AERIAL
DSSTHigh School
Central P
ark B
lvd.
Central P
ark B
lvd.
East 56th AveEast 56th Ave
COMING SOONCOMING SOON
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 7
AERIAL
E 56th AveE 56th Ave
Ce
ntra
l Pa
rk Blvd
Ce
ntra
l Pa
rk Blvd
Qu
eb
ec
St
Qu
eb
ec
St
Denver SheriffTraining
Academy
NorthfieldHigh School
WillowElementary
DIA 15 miles DIA 15 miles vv
Northfield Stapleton is a 1.1 million square-foot, open air lifestyle and entertainment center anchored by Macy’s, Harkins Theatres 18, Bass Pro Shops Outdoor World, JCPenney, SuperTarget and more than 80 premier shops and restaurants.
DSSTHigh
School
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 8M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 8
Pe
na
Blv
d
Pe
na
Blv
d D
IA
DIA
vv
AERIAL
E 56th AveE 56th AveC
en
tra
l P
ark
Blv
dC
en
tra
l P
ark
Blv
d
Qu
eb
ec
St
Qu
eb
ec
St
and more than 80 premier shops and restaurants
Ha
van
a S
tH
ava
na
St
Pe
ori
a S
tP
eo
ria
St
Smith RdSmith Rd
Fitzsimons Pkwy
Fitzsimons Pkwy
QUEBEC SQUAREQUEBEC SQUARE
1.7 Million Visitors Rocky Mountains Arsenal
National Wildlife Refuge300,000 Visitors Annually
2,200 Homesand 300
Multi-FamilyUnits
1,600 Homesand 400
Multi-FamilyUnits
20,600 Employees in the Northfield Area
MONTEBELLO9,000 Housing UnitsOver 30,000 Residents
GATEWAY
Ch
am
be
rs R
dC
ha
mb
ers
Rd
DENVER CONNECTIONS WEST700 New Single Family Homes
2,000 New Residents
AERIAL
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 9
PROPERTY PHOTOS
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 10
SITE P L A N
East 56th Avenue
Ce
ntra
l P
ark
Bo
ule
vard
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 11
SITE P L A NM U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 11
East 56th Avenue
Bee
ler
Str
eet
Cen
tral
Par
k B
oule
vard
57th Avenue
SITE P L A N
UNDER CONSTRUCTIONOpening ETA September/October 2020
Dental/Medical (Sold)
AVAILABLE
Deal Pending
Deal Pending
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 12
TOTAL POPULATIONPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME
1 mile 6,470
3 mile 62,108
5 mile 224,673
TOTAL HOUSEHOLDSPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME
1 mile 2,273
3 mile 19,113
5 mile 74,324
AVERAGE HH INCOMEPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME
1 mile $165,628
3 mile $98,096
5 mile $62,107
AREA DEMOGRAPHICS
DEMOGRAPHICS& M A P
vv
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 13
MAP
AuroraAurora
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 14
TENANTO V E R V I E W
MURPHY USA is an American corporation operating a chain of retail gas stations. In 2020, the company ranked 262nd on the Fortune 500 list of largest United States corporations by revenue. The company is publicly traded on the New York Stock Exchange (MUSA) and has a market capitalization of approximately $3.5 billion. The company had over $12 billion in revenue and employs 7,250 people.
The company operates over 1,500 locations primarily in the Southeast, Southwest, and Midwest. The company operates retail stores under the Murphy USA and Murphy Express brand names. The company was founded in 1996 and is headquartered in El Dorado, AR.
Website: www.murphyusa.com
Number of Locations: 1,500
Stock Ticker : MUSA (NYSE)
Market Capital izat ion: $3.5 Billion
Revenue: $12.1 Billion
Headquarters: El Dorado, AR
Year Founded: 1996
1,500Locations
$12.1 BillionRevenue
262ndFortune 500 Ranking
MAP & D I S T A N C EWHY D E N V E R C O L O R A D O ?
#2 B E S T P L A C E T O L I V E I N T H E U S A – U . S . N E W S & W O R L D R E P O R T 2 0 1 9
# 7 H E A LT H I E S T C I T I E S I N A M E R I C A – W A L L E T H U B 2 0 1 9
# 4 B E S T C I T Y T O S T A R T A B U S I N E S S – I N C . M A G A Z I N E 2 0 1 9
# 9 T O P T E C H T O W N S – C O M P T I A 2 0 1 9
# 2 B I G G E S T M I L L E N N I A L B O O M T O W N S I N A M E R I C A – B I Z J O U R N A L S 2 0 1 8
# 8 M O S T E D U C A T E D C I T I E S I N A M E R I C A – B L O O M B E R G 2 0 1 9
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 15
M U R P H Y E X P R E S S ( G R O U N D L E A S E ) | D E N V E R , C O 16
LOCATIONO V E R V I E W
FORTUNE 500D E N V E R C O M P A N I E S
DENVER is the capital and the most populous city of Colorado and is located just east of the front range of the Rocky Mountains. Denver is nicknamed the Mile High City because its elevation is ex-actly one mile above sea level, making it the highest city in the United States. Denver is ranked as a Beta-world city by the Globalization and World Cities Research Network. With an estimated population of 734,134 in 2018. Denver is the 19th-most populous U.S. city. The Denver MSA had an estimated 2018 population of 2,932,415 and is the most populous US MSA. In 2016, Denver was named the best place to live in the United States by U.S. News & World Report.
Denver is home to the Denver International Airport which is 16th busiest airport in the world. Denver serves as a major hub for United Airlines, is the headquarters for Frontier Airlines and is the fast-est-growing focus city for Southwest Airlines. Denver is served by five interstates which include I-25, I-225, I-70, and I-76. Denver is home to four professional sports teams which include the Denver Broncos, Colorado Avalanche, Colorado Rockies and Denver Nuggets.
Denver is the largest city within 500 miles which has made it a natural location for storage and distribution of goods and services to the Mountain states. Southwestern states as well as Western states. Denver also has a thriving tourism industry due to its proximity to the Rocky Mountains and eleven world-class ski resorts.
TOP EDUCATIONAL INSTITUTIONS
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4 0 0 S C O L O R A D O B L V D , # 4 2 0 , D E N V E R , C O 8 0 2 4
B L U E W E S T C A P I T A L . C O M
R O B E R T E D WA R D S - L E A DManaging Partner
Z A C H W R I G H T - L E A DDirector, Net Lease Investment Sales
T O M E T H I N G T O N Managing Partner
B R A N D O N G AY E S K IAssociate
S H AW N D I C K M A NAssociate
B R A N D O N W R I G H TAnalyst
