Murphy USA - Miami FL (72nd Ave)
New Construction | Absolute NNN (Ground Lease) | 20 Yr Corporate | 8% Increases Every Five Years
Marketing description
Introducing a prime investment opportunity in Miami, Florida! Presenting 7362 NW. 72nd Avenue, this single-tenant absolute NNN property with an included billboard offers a lucrative ground lease deal. Situated at a high-profile, signalized hard corner intersection in a dense industrial corridor, this property sees a combined 85,500 VPD traffic flow, ideally located near the Palmetto Expy with 248,000 VPD. Featuring a 20-year corporate lease with Murphy Oil USA, Inc., this 2,824 SF property on 1.19 AC land area showcases a net operating income of $405,000 and a 5.05% cap rate. The lease includes 8% increases every 5 years and at the beginning of each of the 4 (5-year) options, ensuring a secure long-term investment. Don't miss out on this exceptional opportunity in the thriving industrial district of Miami!
Investment highlights
20-Year Lease (Murphy) | 10-Year Lease Extension (Billboard) | Publicly Traded Company ($9.72B Market Cap) | 8% Rental Increases
Absolute NNN (Ground Lease) | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
Signalized, Hard Corner Intersection | Dense Industrial Corridor |Off State Hwy 826/Palmetto Expy | Dense, Infill Area
Steady Population Growth Throughout Florida
Dense Demographics 5-Mile Trade Area | High Density
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