Close of Escrow: Murphy Express in Savannah, GA
SIG is pleased to announce the recent Close of Escrow on Murphy Express located in Savannah, Georgia.
Investment Highlights Include:
- Brand New Absolute NNN Ground Lease – Zero Landlord Responsibilities
- Murphy Oil USA, Inc. (NYSE: MUSA) Features Annual Revenues in Excess of $11.9 Billion, S&P Investment Grade Credit Rating of “BB+”
- Four (5) Year Renewal Options
- 10% Rent Increases Every 5 Years
- Brand New Construction and Tenant Improvements
- Over 1,400+ Locations Across the U.S
- Excellent Visibility
- Over 43,000 Vehicles Per Day Along Abercorn Street
- Strong Retail Trade Area With Low Vacancy – Walmart Outparcel and Adjacent to New Aldi Grocery Store
- The Savannah MSA Has a Population Estimated at 379,199 in 2015 Median Household Income of $50,618 With a Population Growth Rate Above the Nation Average
- Savannah Has More Than 13.7 Million Visitors a Year
- Select Nearby Tenants Include: Kroger, Target, Bass Pro Shop, Big Lots, Burlington Coat Factory, McDonald’s, Taco Bell, Bank Of America, Dollar General, Regal Cinemas, Staples, Home Depot, Hobby Lobby, PetSmart, Lowe’s, Outback Steakhouse, Chick-fil-A and More
Closing Price: $1,949,400
Closing CAP: 5.00%
Listing Agents: Doug Roland, Amanda Reeves and Chris Sands
For More Information Contact:
Doug Roland
Lic #70364
706.814.2217
doug@SIGnnn.com
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