Murphy Oil NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
5.3%
This Year Cap
5.5%
Cap Change
0.3%
Last Year Rating
BB+
This Year Rating
BB+
Rating Change
Stable
Murphy Oil – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
Murphy Oil
Murphy Oil Net Lease: Secure, Essential Investment
Murphy Oil Corporation is an established energy company, but net lease real estate investors typically evaluate Murphy-branded fuel and convenience retail properties (commonly associated with Murphy USA–type sites) rather than upstream oil operations. This guide reviews cap rates, lease structure, tenant credit, and key due diligence considerations for buyers and sellers.
Investors often target Murphy-branded assets for:
- Stable Income Potential from fuel and convenience sales
- High-Traffic Fuel & Retail Demand
- Strategic Locations near major retailers (often Walmart outparcels)
- Attractive 1031 Exchange Compatibility
Murphy ground lease properties require close comparison of rent escalations, remaining lease term, extension options, fuel operations, and residual land value versus fee simple ownership.
Murphy Ground Lease Properties for 1031 Exchange Buyers
Murphy ground lease properties often trade differently than fee simple assets due to the fuel component, environmental considerations, and lease structure differences. Buyers should carefully evaluate lease terms, remaining lease duration, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.
Murphy Oil – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
| TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
Murphy Oil Stock Price (NYSE:MUR)
Murphy Oil Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Murphy Oil Investor Snapshot (Quick Facts)
Origins & Growth (Past)
- Founded in 1950 as an oil and gas exploration company
- Expanded through upstream oil and natural gas development
- Built a strong presence in North American energy markets
- Diversified into refining and marketing operations over time
- Developed a network of retail fuel stations (later spun off as Murphy USA)
- Focused on efficient capital allocation and asset optimization
- Established itself as a recognized independent energy producer
Where Murphy Oil Corporation Stands Today
- Focused upstream oil and gas operations
- Core North American production asset base
- Revenue driven by commodity price cycles
- Strong emphasis on cost discipline
- Streamlined portfolio after retail spin-off
- Mid-sized independent energy producer positioning
Where Murphy Oil Stands Today
- More disciplined capital spending
- Greater production efficiency focus
- Digital and data-driven operations
- Stronger balance sheet management
- Optimized asset portfolio
- Focus on core oil regions
- Energy demand tailwinds
Why investors buy Murphy Oil NNN Properties or Murphy Oil ground Lease Properties?
Pros (what buyers like)
- Strong fuel-driven demand
Fuel and convenience retail generate repeat, needs-based daily traffic across economic cycles - Strategic retail locations
Many sites are located near major retailers (often Walmart outparcels) and high-traffic corridors - Essential-use real estate
Fuel stations serve daily transportation needs, supporting consistent customer flow - Attractive lease structures
Long-term NNN or ground leases are common, appealing to passive and 1031 exchange buyers - Higher yield potential
Typically offers higher cap rates compared to investment-grade convenience tenants
Cons (what can bite you)
- Lease structure variability
Some properties are NN or modified NNN, with landlord exposure to roof, structure, or site costs - Fuel & environmental risk
Underground storage tanks and compliance requirements require thorough environmental diligence - Tenant credit variability
Lease obligor strength can vary depending on operator or corporate backing - Flat or limited rent growth
Many leases include minimal rent escalations, impacting long-term income growth - Re-tenanting risk
Fuel station layouts can be difficult to repurpose if the tenant vacates
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Murphy Oil Corporation Net Lease
• 15+ years lease term remaining (or 10+ years with strong renewal options) • Absolute NNN or clean NNN lease structure with minimal landlord responsibilities • High-traffic location, often near major retailers (e.g., Walmart outparcels) • Fuel-enabled site with modern pumps and efficient layout • Strong fuel volume and consistent in-store sales performance • Rent aligned with market levels (supports re-tenanting and resale) • Good ingress/egress and visibility with easy site access
02
⚠ Yellow Flags (Price Accordingly)
• NN lease with landlord responsibility for roof, structure, or major capital items • Flat rent with little or no escalations during the primary lease term • Atypical site configuration or smaller footprint limiting reuse flexibility • Non-prime location (lower traffic counts or poor ingress/egress) • Fuel/environmental exposure requiring detailed diligence (USTs, compliance)
Find out more
Murphy Oil Background & History
Murphy Oil Corporation is an energy company primarily focused on oil and gas exploration and production, but in the net lease real estate market, investors typically evaluate Murphy-branded fuel and convenience retail properties (commonly associated with Murphy USA locations). These sites are designed to provide fuel and convenience access, often positioned near high-traffic retail corridors.
Over time, Murphy developed a strong presence in fuel retail through strategically located sites, many of which are co-located with major retailers. Today, customers rely on these locations for fuel, quick convenience purchases, and fast in-and-out transactions that align with daily commuting patterns.
As consumer behavior continues to emphasize convenience and mobility, Murphy-branded locations benefit from consistent fuel demand, efficient site layouts, and proximity to high-traffic retail anchors.
Why Murphy Oil Matters to NNN Investors
Murphy-branded fuel properties operate within the essential-use retail category, serving daily transportation needs and generating repeat customer visits. The business model is largely driven by fuel sales, which in turn support convenience retail purchases.
Many locations are positioned near major retailers (commonly Walmart), creating strong traffic synergies and consistent site performance. This location-driven model is a key reason these assets remain attractive to net lease investors.
Additionally, fuel stations benefit from long-term demand tied to commuting patterns and transportation needs, even as broader retail trends evolve. Operational efficiency, site accessibility, and fuel volume are critical drivers of performance.
What Buyers and Sellers Should Evaluate
For investors evaluating Murphy NNN properties, a Murphy net lease, or a Murphy ground lease, the investment thesis is typically centered on fuel demand, site quality, and lease structure rather than brand strength alone.
Common searches include Murphy real estate, Murphy cap rate, Murphy lease term, Murphy tenant credit, and fuel station performance. Ultimately, Murphy net lease value is driven by location-specific factors, fuel volume, and lease economics.
Because these assets involve fuel operations, buyers should carefully evaluate:
- Fuel volume and traffic patterns
- Proximity to major retail anchors and surrounding demographics
- Ingress/egress, visibility, and site layout
- Environmental reports and underground storage tank (UST) responsibility
- Lease structure, rent escalations, and landlord obligations
In addition, investors should consider long-term cash flow durability, environmental diligence, and how the property may perform across different hold periods and exit strategies. Strong Murphy locations tend to be those that remain essential within their trade area, supported by consistent traffic and favorable real estate fundamentals.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing Murphy Oil ground lease properties or fee simple Murphy Oil assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.