Miami, FL - Murphy USA (72nd Ave)

Description:

• Murphy Oil USA, Inc. signed 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Murphy Oil USA, Inc. is a publicly traded company (NYSE: MUSA) with a
$9.72B market cap
• Murphy is a leading retailer of gasoline and convenience store products with over 1,730 stores and serving approximately 2 million customers per day
• The Murphy lease features 8% rental increases every 5 years and throughout options to extend, generating NOI and hedging against inflation
• The billboard recently executed a 10-year lease extension, furthering their commitment to the site

• Located at the signalized, hard corner intersection of State Highway 934 and NW 72nd Ave averaging a combined 85,500 VPD
• This is the main thoroughfare to Hialeah and Miami International Airport
• The extremely dense industrial corridor will provide a steady, consistent consumer base from which to draw
• Just East off State Highway 826/Palmetto Expy (248,000 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• 7 miles North of Miami International Airport and 11 miles North of Downtown Miami