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30888487
30888488

5709 Bragg Blvd, Fayetteville, NC 28303

SD
CA 01889050, FL BK 3421401 (+2)
Faris Lee Investments
JC
CA 01008195
Faris Lee Investments
GL
01036131
Faris Lee Investments
Listed by Faris Lee Investments
$4,437,000
87 days on market
Updated 15 days ago

Murphy USA | STNL ABS NNN

Details
APN 0419-12-8627
Property Type Retail
Sub Type Gas Station
Square Footage 2,824
Cap Rate 5.15%
NOI $228,500
Brand/Tenant Murphy
Year Built 2025
Acreage 1.280
Ground Lease No

Retail | 5.15% CAP | 2,824 SqFt

Marketing description

Faris Lee Investments is pleased to present an exceptional opportunity to acquire a newly constructed, single-tenant retail property fully leased to Murphy USA in the growing trade area of Fayetteville, NC. This property features a corporate-executed, long-term 20-year absolute triple-net (NNN) ground lease with Murphy USA, Inc. (NYSE: MUSA), a publicly traded, Fortune 500 company with a strong S&P credit rating of BB+. Murphy USA built and paid for the construction of the building and improvements, and is directly responsible for all repairs and maintenance, including the building, fueling pumps, canopy, parking lot, and landscaping. Additionally, Murphy USA directly pays the property taxes, utilities, and insurance. The 20-year ground lease includes four (4), five (5) year renewal options, providing a potential total lease term of forty (40) years. Furthermore, the ground 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 1,750 locations across 27 states under the recognized brands Murphy USA, Murphy Express, and QuikChek. Ranked 231 on the Fortune 500 list, the company generated over $19.38 billion in revenue in 2025, demonstrating significant financial strength and market presence since its founding in 1996. 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 building, fuel stations, parking lot, and improvements contribute significant intrinsic real estate value.

The property is strategically located in Fayetteville, a thriving North Carolina city anchored by Fort Liberty (formerly Fort Bragg), the world’s largest military installation by population, with over 50,000 active-duty personnel. Situated along the Highway 87 corridor (± 28,900 VPD), the asset occupies a high-profile, free-standing hard corner at the signalized intersection of Bragg Blvd and Santa Fe Drive. This location benefits from its immediate proximity to the All-American Freeway (±55,400 VPD) and Interstate 295 (±57,400 VPD), the region’s primary commuter and logistical arteries. The site is supported by a dense immediate trade area, with a population of over 140,000 people and more than 55,000 households within a 5-mile radius. Surrounded by a mix of established residential neighborhoods and major employment drivers, including the nearby Goodyear Tire plant and various industrial hubs, the property is perfectly positioned to capture consistent customer traffic from Fayetteville’s robust, military-driven consumer base.

Investment highlights

  • Murphy USA (NYSE: MUSA) – Fortune 500 gas station and convenience store operator with 1,750+ locations in 27 states and $19.38B+ annual revenue (2025)
  • New 20-Year Ground Lease with 4 (5-year) renewal options, providing up to 40 years of potential lease term and long-term investment stability.
  • ABS NNN Ground Lease – Tenant covers maintenance, taxes, insurance, and operations, offering a fully passive investment ideal for 1031 exchange buyers
  • 8% Rent Increases Every 5 Years – Built-in growth providing rising cash flow, value appreciation, and an inflation hedge for investors.
  • Prime Retail Corner – Located on Hwy 87 near I-295 with high traffic and strong visibility.
  • Brand New Construction – Modern prototype store with no deferred maintenance and enhanced sales and intrinsic value.

Listing Contacts

SD
CA 01889050, FL BK 3421401 (+2)
Faris Lee Investments
JC
CA 01008195
Faris Lee Investments
GL
01036131
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$228,500.00
$19,041.67/mo

Valuation Metrics

0
DSCR
5.15%
Cap Rate
5.15%
ROI

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Additional Information

Name
DARREN WOOD
License
License No. 9359
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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