5500 N State Rd 7, Fort Lauderdale, FL

Listing agent Patrick Nutt License #FL BK3120739

Listing office SRS Real Estate Partners | Fort Lauderdale Show Phone

Listing date Apr 24, 2024

Source Moodyscre

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Overview

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.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Fort Lauderdale

County

Broward

State

Florida

Longitude

-80.2069

Latitude

26.0524

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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 Rd 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.