The Boulder Group has completed the sale of a recently constructed Murphy USA ground lease property located at 1707 S Pueblo Blvd in Pueblo, CO for $2,500,000. The Boulder Group’s Zach Wright & Brandon Wright exclusively represented the seller in the transaction. The seller was a Colorado-based partnership and the purchaser was a 1031 exchange investor based in California. The property sold for the lowest recorded cap rate for a Murphy USA property nationally since 2024 according to CoStar.

The Murphy USA property features a rare low price point for a recently built single tenant gas station property. The property is strategically located along South Pueblo Blvd within a regional retail destination that includes top performing locations for many national retailers on Placer.ai. The surrounding area is densely populated with over 56,000 people living within three miles.

The property features a long-term ground lease that includes 8% rental increases every 5 years and zero landlord responsibilities. Murphy USA is a leading convenience store operator with over 1,800 locations and a publicly traded company with a $9 billion market capitalization.

“STNL properties throughout Colorado remain highly coveted by net lease investors both nationally and locally. These properties continue to command aggressive cap rates and are trading at premiums when compared to national averages,” stated Zach Wright, Vice President.

“We continue to see strong demand for low rent and well-located properties with long-term ground leases. These are highly sought after amongst private capital investors and 1031 exchange buyers,” added Brandon Wright, Associate.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $11 billion of single tenant net lease real estate transactions. From 2015-2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both MSCI Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

PR Contact

Zach Wright 720-604-2220

Zach@BoulderGroup.com

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