1039 Martin Luther King Jr Pky - Service Station FOR SALE


Durham, NC 27713- Hope Valley
$2,132,838 USD
332-345-4222
1039 Martin Luther King Jr Pky, Durham, NC for Sale
$2,132,838 USD
Service Station - FOR SALE
1/3
null | 5.25% Cap Rate

1039 Martin Luther King Jr Pky
Durham, NC 27713
Hope Valley


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Research Triangle of North Carolina
  • Robust Traffic Counts and Visibility
  • Duke University Hospital

OVERVIEW

Surmount is pleased to present the exclusive listing for a Murphy USA located at 1039 Martin Luther King Jr Pkwy., Durham, NC 27707. The site consists of roughly 2,500 rentable square feet of building space on an estimated 1.2-acre parcel of land. This Murphy USA is subject to a 20-year Ground lease, which commenced 10/28/2015. The current annual rent is $111,974 and has scheduled increases of 8.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,132,838 USD

PRICE/SF

$853 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy USA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

CG (D)

APN/PARCEL ID

211381

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.