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Views: 18 DOM: 9 Updated: 11.05.24 Posted: 11.05.24 Status: Active

Summary

Price $3,143,000
Built/Renov 2024
Tenant Murphy USA (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,824
Lease Start 10-06-2024
#Units 1,733
Price/SF $1,112.96
Expiration 10-05-2044
Tenant Type Convenience/Gas
NOI $165,000
R. Term 19.11
Ownership Ground Lease
Rent/SF $58.43
Increases 10.0%/5/yrs
Pop 5Mi 92,548
Lot/AC 1.12
Options 4/5yrs/10%
AHHI 5Mi $74,896

Lease Highlights

  • 2024 Construction | Property features a state-of-the-art design using the highest-quality materials along with 12 gas pumps
  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: MUSA)

Location Description

Strategically located at the signalized, hard corner intersection of U.S. Highway 29 and S. Blackstock Road, this property boasts clear visibility and convenient access, attracting an average of 53,600 vehicles passing by daily. The site benefits from direct access onto Interstate 26, which sees 64,900 vehicles per day, making it an ideal and accessible destination for both commuters and...

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Maps

  • 1 Mile
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  • 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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