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Murphy USA - Miami FL 15055 NW 7th Ave 2,824 SF Retail Building Miami, FL 33168 $4,640,000 ($1,643.06/SF) 5% Cap Rate
Investment Highlights
- 19 Years Remaining | 8% Rental Increases | Options to Extend | Established C-Store & Gas Operator
- Signalized, Hard Corner Intersection | Directly Off I-95 | Dense Retail and Residential Corridor | Strong Real Estate Values
- Absolute NNN (Ground Lease) | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
- Strong Demographics 5-Mile Trade Area | High Density
Executive Summary
• Murphy has 19 years remaining on their lease with 4 (5-year) options to extend
• The lease features 8% rental increases every 5 years beginning in LY 11
• Murphy has 1,700+ locations nationwide and annual revenues of $21B
• Corporate guaranty from Murphy Oil USA, Inc. (NYSE: MUSA)
• The lease features 8% rental increases every 5 years beginning in LY 11
• Murphy has 1,700+ locations nationwide and annual revenues of $21B
• Corporate guaranty from Murphy Oil USA, Inc. (NYSE: MUSA)
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,824 SF
Building Class
C
Year Built
2025
Price
$4,640,000
Price Per SF
$1,643.06
Cap Rate
5%
NOI
$232,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.92 AC
Zoning
BU-1A - Community Business
Parking
15 Spaces (5.31 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-2124-019-0010 | Improvements Assessment | $621,478 |
| Land Assessment | $1,273,344 | Total Assessment | $1,894,822 |
Property Taxes
Parcel Number
30-2124-019-0010
Land Assessment
$1,273,344
Improvements Assessment
$621,478
Total Assessment
$1,894,822
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Murphy USA - Miami FL | 15055 NW 7th Ave
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