Skip to main content

Auto Service - Gas-Conv

Murphy Express

11600 NW South River Dr, Miami, FL 33178

Listing Price: $3,540,000

Cap Rate
5.00%
Tenant Name
Murphy Express
Years Remaining On Lease
19.0
Gross SF
2,824
Guarantor
Corporate Guarantee
Rentable SF
2,824
Price/Gross SF
$1,253.54
Lease Type
Ground Lease
Rent Per Square Feet
$62.68

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 11600 NW South River Drive, located in Medley (Miami), Florida.

The investment opportunity consists of a gas station with C-Store situated on just under one acre of land. Murphy USA has signed a new 20-year ground lease and has just completed the construction of the Station and C-Store. Murphy Express typically operates large-format facilities that offer a wider array of products and more fueling lanes than their original format, mirroring the functionality of a state-of-the-art service station. The subject property is strategically located on a hard corner signalized intersection, with a traffic count of 64,000+ vehicles per day. As a part of the Murphy USA family, this location is expected to continue serving the local community with its wide selection of popular convenience store products.

Medley is an industrially-focused town nestled in Miami-Dade County, Florida. Renowned for its industrial development, the town is a bustling hub of activity and growth. Situated 12 miles northwest of downtown Miami, Medley offers a unique blend of urban convenience and industry-oriented appeal. With the Miami Canal forming its border and an array of businesses including a Rinker plant and Titan America Pennsuco Cement Plant, Medley reflects an environment rich in industry and opportunity.

This is an outstanding opportunity to acquire a well-positioned retail property leased to a strong tenant in a densely populated region of Florida.

Investment Highlights

  • Corporate Guarantee From a Fortune 500 Company (NYSE: MUSA)
  • 20-Year Absolute NNN Ground Lease - 2023 Construction
  • Rent Increases – 8% Every 5 Years
  • Located in Industrially-Focused District – 19,000+ People Within 1 Mile Radius
  • Situated at a Signalized Intersection With 64,000+ Vehicles Per Day
  • Proximity to Major Businesses, Including Rinker Plant and Titan America
  • Positioned Within Medley's Primary Industrial Corridor
  • Larger Convenience Store – Murphy Express Offers More Products and Services Than the Average Service Station

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Murphy Express

Listing Price: $3,540,000

Cap Rate
5.00%
Tenant Name
Murphy Express
Years Remaining On Lease
19.0
Gross SF
2,824
Guarantor
Corporate Guarantee
Rentable SF
2,824
Price/Gross SF
$1,253.54
Lease Type
Ground Lease
Rent Per Square Feet
$62.68

Investment Highlights

  • Corporate Guarantee From a Fortune 500 Company (NYSE: MUSA)
  • 20-Year Absolute NNN Ground Lease - 2023 Construction
  • Rent Increases – 8% Every 5 Years
  • Located in Industrially-Focused District – 19,000+ People Within 1 Mile Radius
  • Situated at a Signalized Intersection With 64,000+ Vehicles Per Day
  • Proximity to Major Businesses, Including Rinker Plant and Titan America
  • Positioned Within Medley's Primary Industrial Corridor
  • Larger Convenience Store – Murphy Express Offers More Products and Services Than the Average Service Station

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 11600 NW South River Drive, located in Medley (Miami), Florida. The investment opportunity consists of a gas station with C-Store situated on just under one acre of land. Murphy USA has signed a new 20-year ground lease and has just completed the construction of the Station and C-Store. Murphy Express typically operates large-format facilities that offer a wider array of products and more fueling lanes than their original format, mirroring the functionality of a state-of-the-art service station. The subject property is strategically located on a hard corner signalized intersection, with a traffic count of 64,000+ vehicles per day. As a part of the Murphy USA family, this location is expected to continue serving the local community with its wide selection of popular convenience store products. Medley is an industrially-focused town nestled in Miami-Dade County, Florida. Renowned for its industrial development, the town is a bustling hub of activity and growth. Situated 12 miles northwest of downtown Miami, Medley offers a unique blend of urban convenience and industry-oriented appeal. With the Miami Canal forming its border and an array of businesses including a Rinker plant and Titan America Pennsuco Cement Plant, Medley reflects an environment rich in industry and opportunity. This is an outstanding opportunity to acquire a well-positioned retail property leased to a strong tenant in a densely populated region of Florida.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower