15055 NW 7th Ave - Convenience Store FOR SALE


Miami, FL 33168- Biscayne Gardens West
$4,640,000 USD
706-294-8806
15055 NW 7th Ave, Miami, FL for Sale
$4,640,000 USD
Convenience Store - FOR SALE
1/7
null | 5% Cap Rate

15055 NW 7th Ave
Miami, FL 33168
Biscayne Gardens West


HIGHLIGHTS

  • Triple Net (NNN) Ground Lease, Zero Landlord Responsibilities
  • Long-term 20-year corporate ground lease
  • Income-tax free state
  • Immediate access to and from I-95 in Miami, FL

OVERVIEW

KnoxSouth is pleased to present a premier investment opportunity featuring a brand-new Murphy Express Convenience Store and Gas Station in Miami, Florida. This property offers a corporately guaranteed ground lease by Murphy Oil USA, Inc. (NYSE: MUSA) - a $9.48 market cap company - with a 20-year initial term and attractive 8% rent increases. Strategically positioned at a signalized hard corner with excellent visibility and access to Interstate 95 (251,000 VPD), this triple net (NNN) investment provides zero landlord responsibilities in Florida's income tax-free environment. The upcoming completion of a new 1-95 South exit ramp, terminating directly in front of Murphy Express, will provide a significant enhancement of visibility and vehicle traffic to the property for years to come.

FOR SALE DETAILS

PRICE

$4,640,000 USD

PRICE/SF

$1,643 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Murphy Express (Murphy Oil USA, Inc.) Miami

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C

APN/PARCEL ID

30-2124-019-0010

ASK ABOUT THIS PROPERTY

Jefferson KnoxKnoxSouth Real EstateMore Info
706-294-8806

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Jefferson KnoxKnoxSouth Real EstateMore Info
706-294-8806

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