Building Details

Tenancy Multi

Listing Agency: SRS Real Estate Partners | Fort Lauderdale Show Phone

Listed By: Patrick Nutt · License #FL BK3120739 Show Phone

Source: Moodyscre

Added: Sep 25 Changed: Sep 26 Last Checked: Sep 26 at 3:29PM

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Investment Insights

Based on property information with market context.

The gas station property at 7362-7388 NW 72nd Ave in Miami is leased to Murphy Oil under a 20-year agreement. The lease provides four additional five-year options, with rent increasing 8% every five years, including during the option periods.

A billboard at the property has a separate lease extension for 10 years.

Key Highlights

• 20‑year lease with Murphy Oil
• Four 5‑year extension options
• Rent increases 8% every 5 years, including during extension periods

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Building Supply Real Estate Agency Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

594

Businesses Nearby

Explore this area Business Placement

Demographics for 33166, FL

26,106

Population

10,838

Households

2.4

Avg Household Size

41

Median Age

42%

College-Educated

83%

High-School Grad

7.9 sq mi

ZIP Area

3,305

Density / Sq Mi

$78,166

Median Household Income

$39,744

Median Earnings

$1,766

Median Rent

$489,200

Median Home Value

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this gas stations located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Gas station - A long-term Murphy Oil lease includes scheduled rent increases and four extension options.

Where is this gas station located?

The property is located at 7362-7388 NW 72nd Ave Miami, FL.

What is the asking price?

The asking price for this property is $7,999,000.

What are key features of this property?

This property features: 20‑year lease with Murphy Oil; Four 5‑year extension options; Rent increases 8% every 5 years, including during extension periods