3196 NW 54th St - Service Station FOR SALE


Miami, FL 33142- Brownsville
$4,760,000 USD
949-412-1616
3196 NW 54th St, Miami, FL for Sale
$4,760,000 USD
Service Station - FOR SALE
1/8
null | 5% Cap Rate

3196 NW 54th St
Miami, FL 33142
Brownsville


HIGHLIGHTS

  • Murphy USA (NYSE: MUSA): Fortune 500 company with 1,750+ locations in 27 states, $20B+ in 2024 revenue, and BB+ S&P credit rating.
  • Long-Term Ground Lease: New 20-year Murphy USA lease with four 5-year options offers up to 40 years of stable, secure income.
  • Absolute NNN Ground Lease: Zero landlord responsibilities—tenant covers all expenses, making it ideal for passive and 1031 investors.
  • Growing Income Stream: 8% rent increases every 5 years boost cash flow, enhance value, and provide an inflation hedge.
  • Brand-New Construction: Latest Murphy USA prototype with 12 fueling pumps, new infrastructure, and no deferred maintenance.
  • Prime Hard Corner Location: High-traffic, signalized intersection with 215k+ population within 3 miles, and proximity to Miami International Airport.

OVERVIEW

FLORIDA BROKER OF RECORD...SCOTT AYRES DeYOUNG...FL BK 3421401 Faris Lee Investments is pleased to present an exceptional opportunity to acquire a newly constructed, single-tenant retail property fully leased to Murphy USA in the dense, high-traffic market of Miami, FL. This property features a corporate-executed, long-term absolute triple-net (NNN) ground lease with Murphy USA, Inc. (NYSE: MUSA), a publicly traded, Fortune 500 company with a strong S&P credit rating of BB+. Murphy USA built and paid for the construction of the building and premises and 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 ground lease structure includes four (4), five (5) year renewal options, providing a potential total lease term of forty (40) years. Furthermore, the ground 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 1,750 locations across 27 states under the recognized brands Murphy USA, Murphy Express, and QuikChek. Ranked 231 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 1996. 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 on a high-profile hard corner at a signalized intersection, the property boasts excellent visibility and access within a densely populated Miami corridor. The immediate area features a population of over 215,000 people within a 3-mile radius and benefits from strong vehicular traffic, with exposure to 25,000 vehicles per day on NW 54th Street and 23,000 vehicles per day on NW 32nd Avenue. Its location offers close proximity to Miami International Airport, a major travel hub serving over 55 million annual passengers, ensuring consistent customer traffic. The subject property is surrounded by industrial and residential properties providing an ideal customer base of consumers.

FOR SALE DETAILS

PRICE

$4,760,000 USD

PRICE/SF

$2,422 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy USA-Miami /20 Yr Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Fast Food, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,033 SF

ZONING

BU-3

APN/PARCEL ID

30-3121-020-0010

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 Notice.