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Views: 69 DOM: 54 Updated: 10.29.24 Posted: 10.29.24 Status: Active

Summary

Price $2,520,000
Built/Renov 2024
Tenant Murphy USA (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,824
Lease Start 01-01-2025
#Units 1,733
Price/SF $892.35
Expiration 01-31-2045
Tenant Type Convenience/Gas
NOI $126,000
R. Term 20.1
Ownership Ground Lease
Rent/SF $44.62
Increases 8.0%/5/yrs
Pop 5Mi 54,798
Lot/AC 1.06
Options 4/5yrs/8%
AHHI 5Mi $103,706

Lease Highlights

  • Brand new 2024 construction
  • New 20-year ground lease with 4 (5-year) options to renew
  • 8% rental increases every 5 years throughout the primary term & options
  • Corporate guaranteed lease (NYSE: MUSA)

Location Description

Murphy USA is strategically located at the signalized, hard corner intersection of East 22nd Street and South Wilmot Road, with access to a substantial combined daily traffic count of 95,928 vehicles. This gas station serves as the last fuel stop before the Hathaway Bridge leading into Panama City, enhancing its accessibility just off U.S. Route 98 and Florida State Road 30. The site is also...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Murphy USA Inc. (NYSE: MUSA) is an American corporation operating a chain of retail gas stations across the Southwest, Southeast, Midwest, and Northeast United States. Murphy USA, Inc. locations...


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Listing Broker

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