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1305 E 16TH AVE Cordele GA 31015-5328

[Locked] • APN 033A 002

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Details
Property Type Retail
Sub Type Gas Station
Building SqFt 2,791
Lot SqFt 77,921
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code HC
Year Built 1985
Building Count 2
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Gas Station
Marketing Description

Faris Lee Investments is pleased to present an exceptional opportunity to acquire a newly

constructed, single-tenant retail pad building fully leased to Murphy USA in Cordele, GA.

This property features a corporate-executed, long-term lease with Murphy USA, Inc. (NYSE:

MUSA), a publicly traded, Fortune 500 company with a strong S&P credit rating of BB+.

The investment benefits from a newly executed 20-year absolute triple-net (NNN) ground

lease, offering true passive ownership with zero landlord responsibilities. The tenant is

directly responsible for all repairs and maintenance, including the building, roof, parking

lot, and landscaping, as well as directly paying property taxes, utilities, and insurance. The

lease structure includes four (4), five (5) year renewal options, providing a potential total

lease term of forty (40) years. Furthermore, the lease features scheduled rental increases

of 8% every five years, ensuring a growing income stream and a hedge against inflation

for the investor.

Murphy USA is a leading operator of retail gas stations and convenience stores, boasting

over 1,740 locations across 27 states under the recognized brands Murphy USA, Murphy

Express, and QuikChek. Ranked 214 on the Fortune 500 list, the company generated over

$20.2 billion in revenue in 2024, demonstrating significant financial strength and market

presence since its inception in 1966. This property represents brand new, prototypical

construction, eliminating concerns of deferred maintenance and featuring the latest

store layout designed to maximize sales volume. The new roof, structure, parking lot, and

improvements contribute significant intrinsic real estate value.

Strategically positioned as a freestanding outparcel to a high-volume Walmart Supercenter

(attracting over 1.9 million annual visits), the property boasts excellent visibility and access

along Highway 280 (15,000 VPD). It benefits from close proximity to Interstate 75 (over

50,000 VPD), a major freeway connecting Georgia with Florida. Located within Cordele’s

high-traffic retail corridor, the site experiences consistent customer traffic, further enhanced

by its synergy with the adjacent Walmart anchor.

This offering provides an outstanding opportunity to acquire a newly constructed, absolute

NNN ground-leased asset with a strong corporate guarantee from a Fortune 500 tenant.

The combination of a long-term lease, scheduled rent growth, zero landlord responsibilities,

and a strategic high-traffic location makes this an ideal investment for passive and out-of-state

investors seeking long-term security and stable returns.

Investment Highlights
  • Murphy USA(NYSE:MUSA)– BB+ S&P rated Fortune 500 company w/ 1740+ location and $20.2B in 2024 revenue, operating brands like Murphy Express & Quikchek

  • 20-Year Primary Lease recently executed by Murphy USA, with four 5-year renewal options, offering up to 40 years of potential term for long-term

  • Absolute NNN Ground Lease – Tenant handles all expenses and property operations, offering zero landlord responsibilities and ideal passive investment.

  • Built-in 8% Rent Increases Every 5 Years, ensuring growing cash flow and a strong hedge against inflation throughout the lease term

  • Brand New Construction with latest prototype layout, no deferred maintenance, and upgraded features that boost sales and intrinsic property value

  • High-Traffic Retail Location on Hwy 280 in front of a high-volume Walmart (1.9M+ annual visits), near I-75, offering strong visibility and consistent

Property Type
Property Type
Industrial
Property Subtype
Warehouse
Marketing Description
Building Information: · 16,000± Sf Warehouse / Retail Space · 12.5’ Clear Ceiling in the Front · 18’ Clear Ceiling in the Back · 70’ X 50’ - Back Portion · 4 Roll-up Doors Total 2 - 12’x14’ (Front-facing) 2 - 12’x12’ (Rear-facing) · 2 Dot Approved Curb Cuts · Gated Storage on Front and Rear of Property Location: Located .7 Miles From I-75 With High Traffic Counts and Excellent Visibility. ~175’ of Frontage on 16th Ave E (Hwy 280). Actual Year Built: 1990 (Front), 2002 (Back) Average Daily Traffic Count: E 16th Ave (Hwy 280) - 15,600 Vpd; I-75 - 53,700 Vpd Exterior: Brick and Galvanized Metal Roof: Slightly Pitched, Standing Seam, Galvanized Metal Front - Roof Age ~35 Years Old Back - Roof Age ~19 Years Old Ceiling/ Lighting: Acoustical Tile; Standard Fluorescent Fixtures Flooring: Reinforced Concrete, Vinyl Tile, Concrete Hvac: 50% Central W/ Ducts, 50% None Land: 1.59 ± Acres Zoned: C-3 Estimated Property Taxes: $13,912.44 (2020) - Before Subdividing Property Parking: 16 ± Striped Parking Spaces Signage: Monument Sign - Facing 16th E Ave (Hwy 280) Neighbors: Walmart Supercenter, Tractor Supply, Pilot Travel Center, Burger King, Kfc, Mcdonald’s, Chick-fil-a, Zaxby’s, Subway, Dollar General, Regions Bank, Hibbett Sports, Dollar Tree, Wendy’s, Walgreens, Sonic, Taco Bell, Econo Lodge, Quality Inn, Captain D’s, Krystal, O’reilly Auto Parts, Ollie’s Outlet, Cracker Barrell, Home Depot, and More.

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
PB
Patrick Barry PRO
•••.•••.1806
••arry@••••••••••.com
Brokerage logo
Listing removed on
 BY:
SD
Scott DeYoung PRO
•••.•••.1835
••••oung@••••••••.com
Brokerage logo
Listing removed on
 BY:
JC
Jeff Conover PRO
•••.•••.1810
••••over@••••••••.com
Brokerage logo
Listing removed on
 BY:
HS
Hunter Steffien PRO
•••.•••.2538
•••••fien@••••••••.com
Brokerage logo
Listing removed on
 BY:
GL
Greg Lukosky PRO
•••.•••.1800
••••osky@••••••••.com
Brokerage logo

Map

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