Murphy Usa (Corp Lease) – Charlotte, Nc

Highlights:

• BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN Ground lease (conveying ownership - underlying ground only) with attractive 8.00% rental escalations every 5 years!
• CORPORATE TENANT: Murphy Oil USA, Inc. (MUSA) owns & operates over 1,400 locations in 26 states, with many located near Walmart stores!
• BRAND NEW CONSTRUCTION: New, build-to-suit construction of Murphy USA’s newest prototype - slated to open October 2025 (est. - under construction)
• LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.834-acre lot (±79,471 SF) including 8 fuel dispensers for 16 fueling stations on the southwest side of S Tyron Street & Carowinds Blvd, with traffic counts of 41,315 CPD! Just west of I-77 with traffic counts of 175,874 CPD!
• 2024 ALLFUENT DEMOGRAPHICS: Total Population (5MI): 142,416 | Average Household Income (1MI): $123,801

Description:

Murphy USA is a Brand new 20-year Absolute NNN Ground lease (conveying ownership – underlying ground only) with attractive 8.00% rental escalations every 5 years! The Tenant, Murphy Oil USA, Inc. (MUSA) owns & operates over 1,400 locations in 26 states, with many located near Walmart stores! It is a New, build-to-suit construction of Murphy USA’s newest prototype - slated to open October 2025 (est. - under construction).

The Asset is Positioned on a large ±1.834-acre lot (±79,471 SF) including 8 fuel dispensers for 16 fueling stations on the southwest side of S Tyron Street & Carowinds Blvd, with traffic counts of 41,315 CPD! Just west of I-77 with traffic counts of 175,874 CPD! Nearby retailers include ALDI, Walmart, Family Dollar, Target, Kirkland’s, Orange Theory Fitness, Marshalls, Bath & Body Works, Crunch Fitness, Office Max, HomeGoods, Petsmart, Best Buy, Home Depot, Old Navy, Publix, Sprouts, ULTA, and Advance Auto Parts; Nearby dining includes: Jersey Mike’s, Papa John’s, Jack in the Box, McDonalds, Culver’s, Starbucks, Chick-fil-A, Panda Express, Chipotle, Buffalo Wild Wings, Smoothie King, Five Guys, and Taco Bell. 26 miles from Queens University of Charlotte, a private University, in Charlotte that offers 50 undergraduate majors, 58 minors, and 35 graduate programs with approximately 1,900 undergraduate and graduate students; 8 miles from Atrium Health Pineville, a hospital that offers primary care, Behavior Health, offering care in departments such as Cancer, Children’s Health, Heart, Musculoskeletal Institute, Neuroscience, and Behavioral Health, (307 in-bed facility).

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