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Views: 75 DOM: 246 Updated: 07.09.24 Posted: 11.09.23 Status: Active

Summary

Price $4,100,000
Built/Renov 2022
Tenant Murphy Express | Murphy USA (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,824
Lease Start 05-01-2022
#Units 1,733
Price/SF $1,451.84
Expiration 05-01-2042
Tenant Type Convenience/Gas
NOI $205,000
R. Term 17.9
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...

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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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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
*ESRI data is presented for informational purposes only

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

Listing Broker

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