Miami, FL - Murphy USA

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 lease features 8% rental increases every 5 years and throughout options to extend, generating NOI and hedging against inflation

• Located directly across from Publix-anchored Shoppes at Quail Roost, which ranks in the 72nd percentile (11,054 out of 39,708) of all nationwide shopping centers via Placer.ai
• The Publix ranks in the 70th percentile (390 out of 1,336) of all nationwide locations via Placer.ai
• Just West of Southland Mall, which ranks in the 89th percentile
(4,025 out of 39,708) of all nationwide shopping centers via Placer.ai
• Ideally positioned off the FL Tpke (176,000 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding trade areas
• More than 293,000 residents and 67,000 employees support the trade area
• Features an average household income of $105,477