Murphy USA-Miami /20 Yr Abs NNN Ground Lease 3196 NW 54th St 2,824 SF Retail Building Miami, FL 33142 $4,760,000 ($1,685.55/SF) 5% Cap Rate

FLORIDA BROKER OF RECORD...SCOTT AYRES DeYOUNG...FL BK 3421401
Faris Lee Investments is pleased to present an exceptional opportunity to acquire a newly constructed, single-tenant retail property fully leased to Murphy USA in the dense, high-traffic market of Miami, FL. This property features a corporate-executed, long-term absolute triple-net (NNN) ground lease with Murphy USA, Inc. (NYSE: MUSA), a publicly traded, Fortune 500 company with a strong S&P credit rating of BB+. Murphy USA built and paid for the construction of the building and premises and is directly responsible for all repairs and maintenance, including the building, roof, parking lot, and landscaping, as well as directly paying property taxes, utilities, and insurance. The ground lease structure includes four (4), five (5) year renewal options, providing a potential total lease term of forty (40) years. Furthermore, the ground lease features scheduled rental increases of 8% every five years, ensuring a growing income stream and a hedge against inflation for the investor.
Murphy USA is a leading operator of retail gas stations and convenience stores, boasting over 1,750 locations across 27 states under the recognized brands Murphy USA, Murphy Express, and QuikChek. Ranked 231 on the Fortune 500 list, the company generated over $20.2 billion in revenue in 2024, demonstrating significant financial strength and market presence since its inception in 1996. This property represents brand new, prototypical construction, eliminating concerns of deferred maintenance and featuring the latest store layout designed to maximize sales volume. The new roof, structure, parking lot, and improvements contribute significant intrinsic real estate value.
Strategically positioned on a high-profile hard corner at a signalized intersection, the property boasts excellent visibility and access within a densely populated Miami corridor. The immediate area features a population of over 215,000 people within a 3-mile radius and benefits from strong vehicular traffic, with exposure to 25,000 vehicles per day on NW 54th Street and 23,000 vehicles per day on NW 32nd Avenue. Its location offers close proximity to Miami International Airport, a major travel hub serving over 55 million annual passengers, ensuring consistent customer traffic. The subject property is surrounded by industrial and residential properties providing an ideal customer base of consumers.