Overview

Description

• Tenant recently signed a brand new 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
$6.7B market cap
• Murphy is a leading retailer of gasoline and convenience store products with nearly 1,650 stores and serving approximately 2 million customers per day
• The lease features 8% rental increases every 5 years beginning in lease year 11 and throughout options to extend, generating NOI and hedging against inflation
• This Murphy location is the highest volume of gas in the state of Florida
• 500,000 gallons of gas sold per month (6 million annually)
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor in a state with no state income tax

• Murphy Express is strategically located at the signalized, hard corner intersection of Superior Street and NW 27th Avenue/State Road 9
• State Road 9 merges with I-95, the most dominant Interstate Highway along the East Coast (234,000 VPD)
• Subject property is positioned 1.4 miles West of Amazon Mega Warehouse, a 850k+ SF warehouse dedicated to Amazon
• Also positioned near the Miami-Opa-Locka Executive Airport, the primary executive airport serving the greater Miami area
• Brand new construction that includes high quality materials, distinct design elements, and state-of-the-art store features
• The asset benefits from three full access points via Opa-Locka Boulevard, Superior Street, and NW 27th Avenue/State Road 9
• Multiple points of access and significant street frontage provides ease and convenience for customers
• More than 545,000 residents and 167,000 employees support the trade area
• Features an average household income of $56,553

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