SRS Real Estate Partners Completes Ground Lease Sale of Murphy USA Property in Bryan, Texas
SRS Real Estate Partners announced today it has completed the $2.24 million ground lease (land ownership) sale of a Murphy USA property located at 2001 E. Highway 21 in Bryan, TX. Built in 2025 and situated on 1.11 acres, Murphy USA recently signed a 20-year, corporate-guaranteed absolute triple net lease. Murphy USA is a leading American independent retailer of gasoline and convenience merchandise, operating over 1,700 locations primarily in the Southeast, Southwest, and Midwest, often situated near Walmart stores.
SRS Capital Markets First Vice President Jake Prater and Senior Managing Principals Patrick Luther and Matthew Mousavi represented the seller, College Station, TX-based Culpepper Realty. The all-cash buyer was a private investor from Utah who owns several other Murphy USA ground leases. The closing cap rate was 5.35%.
Over the past 18 months, SRS has closed approximately 71% of all national Murphy USA transactions — totaling more than $15 million in consideration at an average cap rate of 5.34%. In the past 12 months alone, the firm has completed 80% of all transactions nationwide for the retailer.
“Investors are drawn to Murphy USA due to its strong public credit profile, proven operating model, and long-term net leases with built-in rent increases,” said Prater. “The combination of new construction, attractive price points, and a deep repeat buyer pool creates both income stability and strong exit liquidity, making the brand highly appealing to 1031 and private capital investors.”
“SRS has emerged as the dominant brokerage platform for Murphy USA transactions due to our unmatched national track record and long-standing relationships with both private investors and developer clients,” added Luther. “Our ability to position deals early, create competitive bidding environments, and consistently execute has made us the go-to team for Murphy USA dispositions nationwide.”
SRS Capital Markets currently has three additional Murphy USA assets available in Florida, with several more listings launching in Q2 2026 across Texas and the Southeast.
Last year, SRS Capital Markets completed more than $3.5 billion in deal volume comprised of 950 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. Building on its retail foundation, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 30 offices nationwide, the firm measures its success by the achievement of its clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.
