1305 E 16th Ave Cordele, GA 31015

This newly constructed, single-tenant retail pad building is fully leased to Murphy USA in Cordele, GA. The property features a corporate-executed, long-term lease with Murphy USA, Inc. (NYSE: MUSA), a publicly traded, Fortune 500 company with an S&P credit rating of BB+. The investment benefits from a newly executed 20-year absolute triple-net (NNN) ground lease, offering passive ownership with zero landlord responsibilities. The tenant 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 lease structure includes four 5-year renewal options, providing a potential total lease term of 40 years. The lease features scheduled rental increases of 8% every five years. Murphy USA operates 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. This property represents brand new construction, featuring the latest store layout. The new roof, structure, parking lot, and improvements contribute significant intrinsic real estate value. Positioned as a freestanding outparcel to a high-volume Walmart Supercenter, the property has visibility and access along Highway 280 (15,000 VPD) and is near Interstate 75 (over 50,000 VPD). Located within Cordele’s high-traffic retail corridor, the site experiences consistent customer traffic, enhanced by its synergy with the adjacent Walmart anchor. The property size is 2,824 square feet.