11600 NW South River Dr - Service Station FOR SALE


Medley, FL 33178
$3,371,428 USD
786-522-7009
11600 NW South River Dr, Medley, FL for Sale
$3,371,428 USD
Service Station - FOR SALE
1/5
null | 5.25% Cap Rate

11600 NW South River Dr
Medley, FL 33178


HIGHLIGHTS

  • Corporate Guarantee From a Fortune 500 Company (NYSE: MUSA)
  • 20-Year Brand New Ground Primary Lease Term
  • Rent Increases – 8% Every 5 Years
  • Sits In Hard Corner Signalized Intersection With 64,000+ Vehicles Per Day
  • Larger Convenience Store – Murphy Express Offers More Products and Services Than the Average Service Station
  • Positioned Within Medley’s Primary Industrial Corridor | Proximity to Major Businesses, Including Rinker Plant and Titan America

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to purchase 11600 NW South River Drive, located in Medley (Miami), Florida. The investment opportunity consists of a gas station with C-Store situated on just under one acre of land. Murphy USA has signed a new 20-year ground lease and has just completed the construction of the Station and C-Store. Murphy Express typically operates large-format facilities that offer a wider array of products and more fueling lanes than their original format, mirroring the functionality of a state-of-the-art service station. The subject property is strategically located on a hard corner signalized intersection, with a traffic count of 64,000+ vehicles per day. As a part of the Murphy USA family, this location is expected to continue serving the local community with its wide selection of popular convenience store products. Medley is an industrially-focused town nestled in Miami-Dade County, Florida. Renowned for its industrial development, the town is a bustling hub of activity and growth. Situated 12 miles northwest of downtown Miami, Medley offers a unique blend of urban convenience and industry-oriented appeal. With the Miami Canal forming its border and an array of businesses including a Rinker plant and Titan America Pennsuco Cement Plant, Medley reflects an environment rich in industry and opportunity. This is an outstanding opportunity to acquire a well-positioned retail property leased to a strong tenant in a densely populated region of Florida.

FOR SALE DETAILS

PRICE

$3,371,428 USD

PRICE/SF

$1,194 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy Express

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

22-2032-005-0010

ASK ABOUT THIS PROPERTY

Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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