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Murphy Express 7801 Warren H Abernathy Hwy

2,824 SF Retail Building Spartanburg, SC 29301 $3,143,000 ($1,113/SF) 5.25% Cap Rate

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Investment Highlights

Brand New 20-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
Located Along U.S. Highway 29 | Centralized Location | 2024 Construction | Excellent Visibility & Access | 12 Gas Pumps
Major Surrounding Shopping Centers | Strong Tenant Presence

Direct Residential Consumer Base | Healthy Surrounding Demographics
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

Executive Summary

The tenant recently signed a brand new 20 year lease with 4 (5-year) option periods left to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation.

Spartanburg SC - Murphy Oil USA OM