111 Farrow Dr - Service Station FOR SALE
Winchester, VA 22602 |
$1,782,971 USD
332-345-4222
111 Farrow Dr
Winchester, VA 22602
HIGHLIGHTS
- Long Term NNN Investment | Absolute NNN Lease with Zero Landlord Responsibilities
- Attractive Increases in Rent 7.50% increases in rent occurring every 5 years throughout the base term and in each of the 4-5 Yr. tenant renewal option
- Corporate Guarantee from Murphy USA | Murphy USA is a publicly traded company on the NYSE under the ticker symbol MUSA
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Murphy USA
located at 111 Farrow Drive, Winchester, VA 22602. The site consists of
roughly 2,500 rentable square feet of building space on an estimated 2.02-
acre parcel of land. This Murphy USA is subject to a 20-year Ground lease,
which commenced 10/5/2012. The current annual rent is $93,606 and has
scheduled increases of 7.50% Every 5 Years.
FOR SALE DETAILS
PRICE
$1,782,971 USD
PRICE/SF
$713 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Murphy USA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.02 AC
LAND SF
87,991 SF
ZONING
B2
APN/PARCEL ID
76-A-53K
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332-345-4222
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332-345-4222
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