Listed by Secure Net Lease
$2,973,500
Murphy USA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,824
Cap Rate 5.65%
NOI $168,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa, Circle K
Lease Type Net
Lease Term 20
Lease Expiration 12/01/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $1,053
Year Built 2025
Buildings 1
Stories 1
Acreage 1.300
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2025
Ground Lease Yes
Oversized 1.30 Acre Parcel on High Traffic Signalized Corner | 55,000+ VPD
Marketing description
CLICK HERE FOR DRONE VIDEO | PREMIER CORNER LOCATION
- Brand New 20-Year Ground Lease With 8% Rental Increases Every Five Years and (4) 5-Year Options to Renew
- Closest Major Gas Station to Mobile Regional Airport | Massive Benefits From Being Closest Gas Station to All Rental Car Companies
- High-Visibility, Oversized, Signalized Hard Corner Parcel off Airport Blvd and Cody Rd (45,000+ VPD)
- Surrounded By Major Anchors Including Infirmary Health, University of South Alabama, and Regional Retailers
- Mobile MSA With 430,000+ Residents and $422M+ Annual Capital Investment
Investment highlights
- Brand New 20-Year Ground Lease With 8% Rental Increases Every Five Years in Both the Primary Term and Renewal Options, Plus (4) 5-Year Options to Renew
- Strong Location Along Airport Blvd (31,000+ VPD). Subject property is the last gas station that sits directly off Airport Blvd heading West from Downtown Mobile to the Mobile Regional Airport. Subject property is also within 2.5 miles of 14 different car rental providers.
- Near Infirmary Health, University of South Alabama, and Mobile County Public Schools These anchors include over 10,000 employees and more than 65,000 students combined, supporting steady retail demand from hospital staff, students, faculty, and government workers.
- Less Than 5 Miles From Mobile Regional Airport and USS Alabama Battleship Memorial Park Together these regional draws see over 1 million annual travelers and visitors, boosting year-round activity from both business and tourism traffic.
- Murphy USA Operates 1,760+ Locations and Serves Nearly 2 Million Customers Daily Ranked #214 on the Fortune 500 and #89 on Fortune’s Fastest-Growing Companies, Murphy USA is a leading national convenience retailer with strong margins, innovation, and loyal customer base.
- Mobile Is Alabama’s Fourth-Largest City With 430,000+ Metro Residents and Major Expansion Projects Underway The city is home to Airbus, Austal USA, and the Port of Mobile—which is on track to become the Gulf’s deepest port—while the region is experiencing over $422M in capital investment and 1,400+ new jobs annually.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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