Description

Faris Lee Investments is pleased to present the opportunity to acquire a single-tenant Murphy USA property located in the affluent and rapidly growing market of Port St. Lucie, Florida. Currently under construction and scheduled to open in November 2025, the property is secured by a long-term, corporate-executed absolute NNN ground lease with Murphy USA, Inc. (NYSE: MUSA), a publicly traded Fortune 500 company with a strong BB+ credit rating from S&P. Under the ground lease structure, Murphy USA funded the development of the property and is solely responsible for all maintenance, repairs, property taxes, insurance, and utilities, providing investors with a truly passive ownership experience and zero landlord responsibilities. The lease includes four additional five-year renewal options, allowing for up to 40 years of potential occupancy, along with 8% rental increases every five years that provide growing cash flow and protection against inflation. Murphy USA is one of the nation’s leading operators of fuel stations and convenience stores, with more than 1,750 locations across 27 states operating under the Murphy USA, Murphy Express, and QuickChek brands. Ranked #231 on the 2025 Fortune 500 list, the company generated more than $20.2 billion in revenue during 2024, demonstrating substantial financial strength and a well-established market presence. The property features Murphy USA’s latest prototype design and brand-new construction, eliminating deferred maintenance concerns while providing strong intrinsic real estate value through its new building, roof, parking areas, and site improvements. Strategically positioned at a signalized intersection along U.S. Highway 1 in Port St. Lucie, Florida’s seventh-largest city, the property benefits from exceptional visibility and accessibility. The site is exposed to approximately 56,100 vehicles per day on U.S. Highway 1 and 38,300 vehicles per day on SE Port St. Lucie Boulevard, creating strong consumer exposure and traffic flow. The surrounding trade area is supported by more than 135,000 residents within a five-mile radius and continues to experience significant population growth driven by master-planned communities, strong quality of life, and a family-oriented environment. Located within one of Florida’s fastest-growing markets, this offering represents an attractive opportunity to acquire a newly developed, absolute NNN-leased Murphy USA asset with long-term lease security, built-in rent growth, and a prime location within a thriving retail corridor.