Murphy Express

20-Year Corporate Ground Lease | Miami, Florida

 

Corporate ground lease backed by Murphy USA, Inc. (NYSE: MUSA). Lease includes a 20-year initial term and provides investors with built-in 8% rent increases throughout the lease and zero landlord responsibility.

Situated at a signalized hard corner, the asset is conveniently located near the on- and off-ramps to Interstate 95 which sees 251,000 vehicles per day at this location.

Price
$4,640,000

Cap Rate
5.00%

Net Operating Income
$232,000

Lease Expiration
June 30,2044

Property Address
15055 NW 7th Ave Miami, FL 33168

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