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Murphy USA 1401 Dutch Fork Rd 2,824 SF Retail Building Irmo, SC 29063 $2,648,000 ($937.68/SF) 5.25% Cap Rate
Investment Highlights
- STRATEGICALLY POSITIONED AT HIGHLY TRAFFICKED INTERSECTION
- AFFLUENT SUB-MARKET OF COLUMBIA, SC
- STRONG LEASE FUNDAMENTALS
Executive Summary
STRONG LEASE FUNDAMENTALS
- 8% rental increases every 5 years of initial term
- 8% rental increases every 5 years during options periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- Four (4) - Five (5) year option periods
CREDIT TENANT
- Murphy USA has a Market Cap of over $10.45B and has over 1,700 locations
- Corporate guaranteed lease with credit tenant (S&P: BB+)
POSITIONED IN A DENSE RETAIL NODE
- More than 394K SF of retail space within 1 mile
- Nearby national retailers include: Food Lion, Walgreens, CVS, Walmart, Aldi, and Tractor Supply Co.
AFFLUENT SUB-MARKET OF COLUMBIA, SC
- AHHI exceeds $150K in 1-mile radius of site
- The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020
- Columbia has a strong job market with projected job growth of over 27% in the next ten years
- Healthcare and Education industries are the major economic drivers
STRATEGICALLY POSITIONED AT HIGHLY TRAFFICKED INTERSECTION
- Site is positioned at the intersection of Dutch Fork Rd (27,900 VPD) and AJ Amrick Rd, with easy access at a signal
- The site is located just over a mile from I-26 (60,100 VPD)
LOCATED ON A MAJOR COMMUTER THOROUGHFARE
- Dutch Fork Rd operates as an important route for commuters going to and from Columbia, SC
- The site is positioned on the A.M. side of Dutch Fork Rd
- Lake Murray, just to the south, is a popular destination for Columbia citizens to spend their weekends, and Irmo is a major suburb of Columbia
- 8% rental increases every 5 years of initial term
- 8% rental increases every 5 years during options periods
- Absolute NNN Ground lease providing no Landlord Responsibilities
- Four (4) - Five (5) year option periods
CREDIT TENANT
- Murphy USA has a Market Cap of over $10.45B and has over 1,700 locations
- Corporate guaranteed lease with credit tenant (S&P: BB+)
POSITIONED IN A DENSE RETAIL NODE
- More than 394K SF of retail space within 1 mile
- Nearby national retailers include: Food Lion, Walgreens, CVS, Walmart, Aldi, and Tractor Supply Co.
AFFLUENT SUB-MARKET OF COLUMBIA, SC
- AHHI exceeds $150K in 1-mile radius of site
- The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020
- Columbia has a strong job market with projected job growth of over 27% in the next ten years
- Healthcare and Education industries are the major economic drivers
STRATEGICALLY POSITIONED AT HIGHLY TRAFFICKED INTERSECTION
- Site is positioned at the intersection of Dutch Fork Rd (27,900 VPD) and AJ Amrick Rd, with easy access at a signal
- The site is located just over a mile from I-26 (60,100 VPD)
LOCATED ON A MAJOR COMMUTER THOROUGHFARE
- Dutch Fork Rd operates as an important route for commuters going to and from Columbia, SC
- The site is positioned on the A.M. side of Dutch Fork Rd
- Lake Murray, just to the south, is a popular destination for Columbia citizens to spend their weekends, and Irmo is a major suburb of Columbia
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,824 SF
Building Class
B
Year Built
2025
Price
$2,648,000
Price Per SF
$937.68
Cap Rate
5.25%
NOI
$139,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.47 AC
Zoning
GC - General Commercial
Parking
26 Spaces (9.21 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Murphy USA
- Retailer
- 2,824 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Murphy USA | Retailer | 2,824 SF | - | Triple Net | - |
Nearby Major Retailers
Zaxby's
Property Taxes
| Parcel Number | 02414-03-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $488,700 |
Property Taxes
Parcel Number
02414-03-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$488,700
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Murphy USA | 1401 Dutch Fork Rd
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