Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Murphy USA ground lease located at 2500 East Walnut Avenue in Dalton, Georgia. The property is currently under construction with completion and opening targeted for November/December 2026. Murphy Oil USA, Inc. will operate under a new 20-year NNN ground lease expected to commence approximately December 1, 2026, providing investors with long-term contractual income backed by a corporate guaranty. The lease features 8% rental increases every five years throughout the initial term, along with four additional five-year renewal options. Under the NNN ground lease structure, the tenant is responsible for taxes, insurance and maintenance. This structure provides investors with a true passive ownership opportunity over the course of the lease term. Murphy USA is a large national operator of fuel and convenience stores with approximately over 1,700 locations, more than $17 billion in annual revenue, and a ranking of #263 on the Fortune 500. The company is publicly traded on the New York Stock Exchange under the ticker MUSA. The corporate guaranty, national operating platform and long-term lease provide a strong credit component to the investment. The property fronts East Walnut Avenue, one of Dalton’s primary retail arteries, and is situated within an established commercial trade area surrounded by national retailers and restaurants. Dalton serves as a manufacturing and logistics hub for Northwest Georgia and is known as the “Carpet Capital of the World,” with the region producing approximately 75% of the world’s carpet.