Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Murphy's Gas Station and Convenience Store in Fort Lauderdale, Florida. This is a brand new, 18-year, Absolute Triple Net Lease. This lease offers four, five-year tenant renewal options with Six Percent Rent Increases every Five Years throughout the Base Term and Option Periods. This is a new location, built in 2022. The Murphy's Gas Station in Fort Lauderdale is conveniently located at the Signalized Intersection of Prospect Road and State Road 7 with a combined daily Traffic Count over 60,000 Vehicles per Day. It’s also near the exit and entrance ramps of Florida’s Turnpike – a major roadway that runs through the state and has a traffic count of more than 125,900 Vehicles per Day. The Subject Property is Conveniently located 0.8 Miles (4 Minute Drive) from a Publix-anchored center in a busy retail area. Other surrounding national brands include Walmart Supercenter, Marshalls, Ross, Burlington, Aldi, Home Depot, Winn Dixie, YouFit, Planet Fitness, Advance Auto Parts, Dollar General, Dunkin’ Donuts, CVS, Walgreens, Wells Fargo, Bank of America, Extended Stay America, La Quinta Inn & Suites, Comfort Inn & Suites, Wendy’s, McDonald’s and many more. This Murphy's Gas Station is 2.6 miles from Fort Lauderdale Executive Airport which handles 500-600 flights per day on average. North Lauderdale, Florida, is part of the Broward County metro area, which has a population of 1.9 million. A suburb of Fort Lauderdale, North Lauderdale has a population of approximately 45,000 and is located 8 miles northwest of Fort Lauderdale, 44 miles south of West Palm Beach, and 32 miles north of Miami. The surrounding area features strong demographics, with a population of over 480,000 within a five-mile radius of the subject property, indicating a robust local market.