INVESTMENT OFFERING

SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Murphy USA located in Midland, TX. This exceptional investment is a new, ground up construction secured by a brand new absolute triple net (NNN) lease with a 20-year term term along with 8% increases in every 5 successive years with six 5-year options.

Family Dollar now operates within a combined network of over 13,600 stores across 48 U.S. states and five Canadian provinces under the Dollar Tree and Family Dollar banners. With $17.6B in sales in 2024 and a BBB credit rating from S&P and a Baa2 rating from Moody’s, Dollar Tree is considered an investment grade tenant.

Strategically located in Midland on a parcel with several other new developments for national tenants (Whataburger, Valvoline, 7brew) currently under construction, the property benefits from superior visibility, signage and access with traffic counts exceeding 63,000 vehicles per day. The property is located in the shadow of a Costco and also has nearby surrounding retail spaces that include national tenants such as Sams Club, H-E-B, McDonalds, Panda Express, Raising Canes, Chick-fil-A, and many others.

With its strong real estate fundamentals, triple-net lease structure, corporate guarantee and premier location, this offering truly represents a passive, low-risk opportunity.

• Brand New 20-Year Absolute NNN Lease | Corporate Guaranteed Lease
  • Murphy USA has executed a brand new 20-Year lease with six (6) 5-year extension options
  • The lease is corporate signed from Murphy USA, a Fortune 500 Tenant with Strong Growth and Industry Recognition (NYSE: MUSA, BB+ (S&P), Ba1 (Moody’s), $8.71B Market Cap)
  • The lease includes 8% rent increases every 5-Years, including during the option periods
• Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Tenant pays for Taxes, Insurance, CAM, and maintains all aspects of the building including roof, structure, and parking lot
  • Zero Landlord Responsibilities
  • Ideal Management Free Asset for a Passive Investor
• Prime Location in the Shadow of a Costco Wholesale | Entire Parcel Under Development with Several National Retailers
  • Located on Highway 158 (6k VPD) and Adjacent to Highway 191 (33k VPD) and 1 mile from Highway 250 (63k VPD)
  • Located in the Shadow of a Costco Wholesale, Sam’s Club, and H-E-B and Adjacent to Other Major Retailers (McDonalds, Panda Express, Raising Canes, Chick-fil-A, etc.)
  • The Entire Surrounding Parcel is Under Development: Incoming Whataburger, Valvoline, 7brew currently under construction
• Strong Area Demographics | Expected High Growth Area
  • Strong Area Demographics: >97,000 Residents within a 5-mile radius and projected population growth >12.5% over the next 3 years
  • Median Incomes within a 1-mile Radius exceed $125k and $114k within 5-miles