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Murphy USA 1145 E Atlantic St 2,824 SF Retail Building South Hill, VA 23970 $3,107,000 ($1,100.21/SF) 5.15% Cap Rate
Investment Highlights
- Murphy Oil USA Corporate Guaranty (NYSE: MUSA) – Fortune 500 Company – $21 Billion in Annual Revenue (2024) – 1,700 Locations in 27 States
- Fronts Walmart Supercenter – Only Walmart within a 20 Mile Radius – Signalized Hard Corner Location (26,000 VPD)
- New 20 Year Absolute NNN Ground Lease – 9% Rent Increases Every 5 Years – No Landlord Responsibilities
- High Performing Trade Area for C-Store/Gas Stations (Placer.ai) – Immediate Proximity to Interstate 85 (30,000 VPD)
Executive Summary
Lee & Associates is pleased to present a brand-new Murphy USA fuel station and convenience store located in South Hill, Virginia. This 2025 construction features the latest Murphy USA prototype on a 0.90-acre parcel and is positioned directly off East Atlantic Street (22,700 VPD) with immediate access to Interstate 85 (33,000 VPD). The property is secured by a 20-year absolute NNN ground lease with zero landlord responsibilities and 9% rent increases every five years. The corporate lease is guaranteed by Murphy Oil USA, Inc. (NYSE: MUSA), a Fortune 500 company operating over 1,700 locations nationwide with annual revenues exceeding $21 billion.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,824 SF
Building Class
B
Year Built
2026
Price
$3,107,000
Price Per SF
$1,100.21
Cap Rate
5.15%
NOI
$160,011
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC
Opportunity Zone
Yes
Frontage
222’ on East Atlantic Street
Amenities
- Corner Lot
- Freeway Visibility
Nearby Major Retailers
Property Taxes
| Parcel Number | 31955 | Improvements Assessment | $318,800 |
| Land Assessment | $680,000 | Total Assessment | $998,800 |
Property Taxes
Parcel Number
31955
Land Assessment
$680,000
Improvements Assessment
$318,800
Total Assessment
$998,800
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Murphy USA | 1145 E Atlantic St
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