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Murphy USA
5856 Summer Ave, Memphis, TN 38134
Listing Price: $1,917,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Murphy USA in Memphis, TN. The property consists of a 3,468-square-foot, freestanding building that sits on approximately 0.67 acres of land. There are 7.9 years remaining on the lease with 7.5 percent rental increases every five years.
Murphy USA
Investment Highlights
- Corporate Ground Lease with 7.9 Years Remaining
- High-Performing Murphy USA – 524,000 Annual Visits, 86th Percentile Nationally (Placer.ai)
- Prime Signalized Hard-Corner Location with 52,773 Vehicles per Day
- Strong Demographics – 191,880 Residents & 209,828 Daytime Population (5-Mile Radius)
- $69.4 Million Summer Avenue Widening Project
- Proximity to $5.6 Billion Blue Oval City Development
- Northeast Memphis Location with Direct I-40 Access
- Corporate Guarantee by Murphy Oil USA, Inc. (NYSE: MUSA)
Exclusively Listed By
Broker of Record
Listing Price: $1,917,000
Investment Highlights
- Corporate Ground Lease with 7.9 Years Remaining
- High-Performing Murphy USA – 524,000 Annual Visits, 86th Percentile Nationally (Placer.ai)
- Prime Signalized Hard-Corner Location with 52,773 Vehicles per Day
- Strong Demographics – 191,880 Residents & 209,828 Daytime Population (5-Mile Radius)
- $69.4 Million Summer Avenue Widening Project
- Proximity to $5.6 Billion Blue Oval City Development
- Northeast Memphis Location with Direct I-40 Access
- Corporate Guarantee by Murphy Oil USA, Inc. (NYSE: MUSA)
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Murphy USA in Memphis, TN. The property consists of a 3,468-square-foot, freestanding building that sits on approximately 0.67 acres of land. There are 7.9 years remaining on the lease with 7.5 percent rental increases every five years.
Exclusively Listed By
Broker of Record
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