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 |
| |
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...
...New construction
Hard corner intersection
High traffic 50M+ VPD
Highway location
Top 100 MSA
Income tax free state
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee
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...
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 |
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 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]