Listed by Atlantic Capital Partners
$1,474,000
Murphy USA | Columbia, SC
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,200
Net Rentable (SqFt) 2,200
Cap Rate 4.75%
NOI $70,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2044
Remaining Term 18.2
Rent Bumps Yes
Lease Options 4 x 5 Years
Price per SqFt $670
Broker Co-Op Yes
Class A
Year Built 2024
Acreage 1.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/22/2024
Ground Lease Yes
4.75% CAP | Very Low Ground Rent - Below Market
Investment highlights
20-YEAR ABSOLUTE NNN GROUND LEASE
- Zero landlord responsibilities providing true passive ownership
HIGH-VISIBILITY CORNER LOCATION
- Signalized intersection of Saint Andrews Rd (18,000 VPD) and Bush River Rd (10,100 VPD).
DENSE, PROVEN RETAIL CORRIDOR
- Surrounded by national retailers including ALDI, Walgreens, AutoZone, and others.
ATTRACTIVE BASIS
- Lower price point asset well-suited for private capital and 1031 buyers
NAME BRAND TENANT (MURPHY USA – NYSE: MUSA)
- National operator with 1,700+ locations and strong credit profile.
NEW 2024 CONSTRUCTION
- Modern prototype with minimal near-term capital requirements.
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,000.00
$5,833.33/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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