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Murphy Oil (GL)
13730 Northwest 27th Avenue, Opa-locka, FL 33054
$4,556,000
Cap Rate 4.50%
Summary
| Price $4,556,000 | Built/Renov 2022 | Tenant Murphy Oil (GL) |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,824
| Lease Start
05-01-2022
| #Units
1,712
|
| Price/SF $1,613.31 | Expiration
05-01-2042
| Tenant Type Convenience/Gas |
| NOI $205,000 | R. Term 18.4 | Ownership Ground Lease |
| Rent/SF
$72.59
| Increases 8.0%/10/yrs | Pop 5Mi 545,436 |
| Lot/AC 1.02 | Options 4/5yrs/8% | AHHI 5Mi $56,553 |
| | |
Lease Highlights
- Murphy USA has 18+ years remaining on the current ground lease with 4 (5-yer) options to extend
- Lease features 8% rental increase starting year 11 and throughout each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Murphy Express is strategically located at the signalized, hard corner intersection of Superior Street and NW 27th Avenue/State Road 9, with access to a high daily traffic count of 50,000 vehicles. Furthermore, State Road 9 merges with I-95, which is the most prominent Interstate Highway along the East Coast (234,000 VPD). The property is also conveniently situated approximately 1.4 miles to...
...Features
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New construction
-
Hard corner intersection
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High traffic 50M+ VPD
-
Highway location
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Top 100 MSA
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Income tax free state
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Long 15+ yr lease
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Absolute NNN
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Accelerated depreciation
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Corporate Guarantee
...
Maps
Tenant
- Tenant: Murphy USA
- Guarantor:Corp T and Rated
- Company:Murphy Oil USA, Inc.
- # Units:1,712
- Tenant S&P: BB+
- Moody’s: Ba1
- Stock:NYSE: MUSA
About Tenant
Murphy Oil USA, Inc. (NYSE: MUSA), dba “Murphy USA,” is an American corporation operating a chain of retail gas stations that are primarily located in proximity to Walmart stores. They market...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 18,464 | 139,672 | 525,068 |
| 2023 Total Population : | 18,813 | 140,936 | 528,165 |
| 2023 Employed Civilian Pop : | 7,408 | 62,348 | 243,959 |
| 2023 Total Businesses : | 1,001 | 6,433 | 25,019 |
| 2023 Average Household Income : | $ 47,485 | $ 63,501 | $ 68,511 |
| 2023 Total Consumer Spending : | $ 278 M | $ 2441 M | $ 10420 M |
| 2023 Median Age : | 35 | 38 | 39 |
| 2023 Total Households : | 6,581 | 43,757 | 173,485 |
| 2023 Pop Age 25+: Bachelor's Degree : | 930 | 10,645 | 50,028 |
| 2023 Average Home Value : | $ 322,089 | $ 381,508 | $ 394,354 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Northwest 27th Avenue | Atlantic Ave | 2021 | 48,500 | 0.02 mi |
| Northwest 27th Avenue | Vermont St | 2022 | 49,500 | 0.03 mi |
| NW 27th Ave | NW 139th St | 2009 | 50,000 | 0.13 mi |
| Northwest 135th Street | NW 42nd Ave | 2022 | 11,500 | 0.13 mi |
| Northwest 135th Street | NW 28th Ave | 2021 | 11,500 | 0.13 mi |
| 136 St | 2005 | 13,500 | 0.16 mi | |
| NW 135th St | NW 26th Ct | 2005 | 13,000 | 0.17 mi |
| NW 135th St | NW 28th Ave | 2009 | 25,000 | 0.22 mi |
| Northwest 27th Avenue | NW 117th St | 2022 | 43,500 | 0.24 mi |
| FL 9 | Burlington St | 2021 | 27,000 | 0.26 mi |
