1305 E 16th Ave - Service Station FOR SALE


Cordele, GA 31015
$2,400,000 USD
949-412-1616
1305 E 16th Ave, Cordele, GA for Sale
$2,400,000 USD
Service Station - FOR SALE
1/6
null | 5% Cap Rate

1305 E 16th Ave
Cordele, GA 31015


HIGHLIGHTS

  • Murphy USA(NYSE:MUSA)– BB+ S&P rated Fortune 500 company w/ 1740+ location and $20.2B in 2024 revenue, operating brands like Murphy Express & Quikchek
  • 20-Year Primary Lease recently executed by Murphy USA, with four 5-year renewal options, offering up to 40 years of potential term for long-term
  • Absolute NNN Ground Lease – Tenant handles all expenses and property operations, offering zero landlord responsibilities and ideal passive investment.
  • Built-in 8% Rent Increases Every 5 Years, ensuring growing cash flow and a strong hedge against inflation throughout the lease term.
  • Brand New Construction with latest prototype layout, no deferred maintenance, and upgraded features that boost sales and intrinsic property value.
  • High-Traffic Retail Location on Hwy 280 in front of a high-volume Walmart (1.9M+ annual visits), near I-75, offering strong visibility and consistent

OVERVIEW

GEORGIA BROKER OF RECORD ... THE TRILOGY GROUP ... License No. 10801 Faris Lee Investments is pleased to present an exceptional opportunity to acquire a newly constructed, single-tenant retail pad building fully leased to Murphy USA in Cordele, GA. This property features a corporate-executed, long-term lease with Murphy USA, Inc. (NYSE: MUSA), a publicly traded, Fortune 500 company with a strong S&P credit rating of BB+. The investment benefits from a newly executed 20-year absolute triple-net (NNN) ground lease, offering true passive ownership with zero landlord responsibilities. The tenant is directly responsible for all repairs and maintenance, including the building, roof, parking lot, and landscaping, as well as directly paying property taxes, utilities, and insurance. The lease structure includes four (4), five (5) year renewal options, providing a potential total lease term of forty (40) years. Furthermore, the 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 1,740 locations across 27 states under the recognized brands Murphy USA, Murphy Express, and QuikChek. Ranked 214 on the Fortune 500 list, the company generated over $20.2 billion in revenue in 2024, demonstrating significant financial strength and market presence since its inception in 1966. 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 roof, structure, parking lot, and improvements contribute significant intrinsic real estate value. Strategically positioned as a freestanding outparcel to a high-volume Walmart Supercenter (attracting over 1.9 million annual visits), the property boasts excellent visibility and access along Highway 280 (15,000 VPD). It benefits from close proximity to Interstate 75 (over 50,000 VPD), a major freeway connecting Georgia with Florida. Located within Cordele’s high-traffic retail corridor, the site experiences consistent customer traffic, further enhanced by its synergy with the adjacent Walmart anchor. This offering provides an outstanding opportunity to acquire a newly constructed, absolute NNN ground-leased asset with a strong corporate guarantee from a Fortune 500 tenant. The combination of a long-term lease, scheduled rent growth, zero landlord responsibilities, and a strategic high-traffic location makes this an ideal investment for passive and out-of-state investors seeking long-term security and stable returns.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Murphy USA-20 Yr Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,738 SF

ZONING

C3

APN/PARCEL ID

033A-002

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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