Close of Escrow: Murphy Express in Savannah, GA

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

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