Auto Service - Gas-Conv
Murphy Express
11600 NW South River Dr, Miami, FL 33178
Listing Price: $3,371,428
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
Listing Price: $3,371,428
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.

