3196 NW 54th St Miami, FL 33142

This newly constructed, single-tenant retail property is fully leased to Murphy USA in Miami, Florida. The property features a corporate-executed, long-term absolute triple-net (NNN) ground lease with Murphy USA, Inc., a Fortune 500 company with a BB+ S&P credit rating. 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 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 over 1,750 locations across 27 states. The company generated over $20.2 billion in revenue in 2024. The property features the latest store layout designed to maximize sales volume, with new infrastructure and no deferred maintenance. Positioned on a hard corner at a signalized intersection, the property has visibility and access within a densely populated corridor. The area features a population of over 215,000 people within a 3-mile radius and benefits from traffic, with 25,000 vehicles per day on NW 54th Street and 23,000 vehicles per day on NW 32nd Avenue. Its location offers proximity to Miami International Airport. The property is surrounded by industrial and residential properties. The property has 12 fueling pumps and a property size of 2,824 square feet.