10575 S Us Highway 1 Fort Pierce, FL 34952

This single-tenant retail property, leased to Murphy USA, is located in Port St. Lucie, Florida. The property is currently under construction and is projected to open in November 2025. It features a corporate-executed, long-term absolute triple-net (NNN) ground lease with Murphy USA, Inc., a publicly traded, Fortune 500 company with an S&P credit rating of BB+. Murphy USA constructed and paid for the building and premises and is 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, five-year renewal options, providing a potential total lease term of forty years. The ground lease features scheduled rental increases of 8% every five years. Murphy USA operates retail gas stations and convenience stores, with over 1,750 locations across 27 states under the brands Murphy USA, Murphy Express, and QuickChek. The company is ranked #231 on the 2025 Fortune 500 list and generated over $20.2 billion in revenue in 2024. The property features new construction, eliminating concerns of deferred maintenance and featuring the latest store layout. The site is located at a signalized intersection on US Highway 1 in Port St. Lucie and offers visibility and access. The site is exposed to a traffic count of 56,100 vehicles on US Highway 1 and 38,300 on SE Port St. Lucie Boulevard and benefits from demographics with over 135,000 residents within a five-mile radius. The property includes 12 fuel pumps and is positioned on the city’s primary retail corridor.