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    5500 N State Road 7 Fort Lauderdale, FL 33314

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    For Sale
    $4,115,000

    NNN leased Murphy Express with long term and rental increases.

    Property size:
    2,824 SF
    Lot size:
    2.08 Acres

    Property Features for 5500 N State Road 7

    General Information

    Size
    2,824 SF
    Lot size
    2.08 Acres

    Source: SRS Real Estate Partners | Fort Lauderdale Agent Patrick Nutt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Lauderdale Investment Opportunity

    This property is occupied by Murphy Oil USA, Inc., a publicly traded company (NYSE: MUSA) with an investment grade tenant rating (Fitch: BB+). The tenant signed a 20-year lease in September 2022, with four 5-year options to extend, demonstrating commitment to the location. There are currently over 19 years remaining on the lease term. The lease structure is NNN, with the tenant responsible for CAM, taxes, insurance, and all maintenance aspects of the premises. The lease includes 6% rental increases every 5 years, including at each option to extend the lease. The property has a size of 2,824 square feet and is located in Fort Lauderdale, FL.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.206944
    Latitude
    26.052444

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    FAQs

    What type of property is this?
    Gas station - NNN leased Murphy Express with long term and rental increases.
    Where is this gas station located?
    The property is located at 5500 N State Road 7 Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $4,115,000.
    What are key features of this property?
    This property features: - Long-term investment with 19+ years remaining on a 20-year lease signed in September 2022.; - Investment grade tenant: Murphy Oil USA, Inc. (NYSE: MUSA, Fitch: BB+).; - Rental increases of 6% every 5 years, including option periods.
    (954) 703-3600
    Request Owner's contact information
    5500 N State Road 7 Fort Lauderdale, FL 33314
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    Fort Lauderdale, FL 33314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5500 N State Road 7 Fort Lauderdale, FL 33314
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