Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Murphy USA NNN Ground Lease Title is generated by Realmo AI

    1305 E 16th Ave, Cordele, GA 31015

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Newly constructed Murphy USA with a 20-year absolute NNN lease.

    Type:Retail
    Property size:
    2,824 SF
    Added:
    Nov 25, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 1305 E 16th Ave

    General Information

    Standard status
    Active
    Size
    2,824 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Scott De Young
    Scott De Young

    Listing agent Scott De Young License #CalDRE #01889050

    Listing office Faris Lee Investments

    Listing date Nov 25, 2025

    Source Farislee

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

    All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments

    HighLights

    • Newly constructed, single‑tenant retail pad leased to Murphy USA (NYSE: MUSA).
    • Absolute NNN ground lease with zero landlord responsibilities, a truly passive investment.
    • Long‑term 20‑year lease with four (5‑year) renewal options, potentially extending to 40 years.
    • Scheduled 8% rental increases every five years, providing a growing income stream.
    • Brand new construction featuring the latest Murphy USA prototype layout.
    • High‑traffic location on Highway 280 (15,000 VPD) as an outparcel to a high‑volume Walmart Supercenter.

    Overview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    crossculturecordele Church Cross Culture Church Church FoamWorks Auto Spa ... Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordele
    County
    Crisp
    State
    Georgia
    Longitude
    -83.7613
    Latitude
    31.9621

    Nearby Similar for Sale

    • $350,000
      2,700 SF

      Cordele Commercial Investment Opportunity

      Two buildings on one lot with income potential.
      1107 S 7th Street, Cordele, GA 31015
      View Details
    • $269,000
      1,374 SF

      Cordele Multifamily Investment Opportunity

      Multifamily property with investment potential near Highway 300.
      2298 S US Hwy 41, Cordele, GA 31015
      View Details
    • $2,000,000

      Established Golf Course and Event Destination

      Well-established golf course and event venue in South Georgia.
      15 Aberdeen Circle, Cordele, GA 31015
      View Details
    • $195,000
      1,680 SF

      Medical/Dental Office For Sale

      1,680 SF medical/dental office on 0.53 acres.
      416 E 3rd Ave, Cordele, GA 31015
      View Details
    • $195,000
      1,680 SF

      Medical/Dental Office For Sale

      1,680 SF medical/dental office with ample parking.
      416 E 3rd Ave, Cordele, GA 31015
      View Details
    • $2,300,000
      5,500 SF

      Highway 280 Restaurant Opportunity

      5,500 SF restaurant on Highway 280 near Interstate 75.
      2115 16th Ave E, Cordele, GA 31015
      View Details
    • $975,000
      38,818 SF

      Cordele Retail Shopping Center For Sale

      Retail shopping center totaling 38,818 SF on 2 acres.
      106 16th Ave E, Cordele, GA 31015
      View Details

    FAQs

    What type of property is this?
    Gas station - Newly constructed Murphy USA with a 20-year absolute NNN lease.
    Where is this gas station located?
    The property is located at 1305 E 16th Ave Cordele, GA.
    What are key features of this property?
    This property features: Newly constructed, single‑tenant retail pad leased to Murphy USA (NYSE: MUSA).; Absolute NNN ground lease with zero landlord responsibilities, a truly passive investment.; Long‑term 20‑year lease with four (5‑year) renewal options, potentially extending to 40 years.
    (949) 221-1835
    We can help!
    Listing Contact
    Scott De Young
    Scott De Young
    Real Estate License ID: CalDRE #01889050
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1305 E 16th Ave, Cordele, GA 31015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!