Murphy USA | 2801 W Fairfield Dr

Faris Lee Investments presents the opportunity to acquire a newly constructed single-tenant retail property leased to Murphy USA in Pensacola, Florida. The asset is secured by a long-term, corporate-guaranteed absolute triple-net (NNN) lease with Murphy USA (NYSE: MUSA), a publicly traded Fortune 500 company ranked #214 on the 2025 Fortune 500 list. The lease features a 20-year initial term with four additional five-year renewal options, providing a potential occupancy period of up to 40 years. Investors benefit from a true absolute NNN structure, under which the tenant is responsible for all operating expenses, including maintenance, repairs, property taxes, insurance, utilities, roof, structure, parking lot, and landscaping. The lease also includes 8% rental increases every five years, creating a built-in growth component and inflation protection.

Murphy USA operates more than 1,700 fuel and convenience retail locations across 27 states under the Murphy USA, Murphy Express, and QuickChek brands. The company generated more than $19.38 billion in revenue during fiscal year 2025, reflecting its strong financial performance and established market presence. The property consists of a newly built 2,824-square-foot convenience store with 16 fueling positions across eight multi-product dispensers, utilizing Murphy USA’s latest prototype design focused on maximizing customer throughput and sales volume. The new construction provides significant intrinsic real estate value while minimizing near-term maintenance concerns.

The property is strategically located at the signalized intersection of West Fairfield Drive and North W Street, offering exceptional visibility and exposure to approximately 65,000 vehicles per day. The surrounding trade area is supported by strong demographics, including more than 153,000 residents within a five-mile radius and an average household income exceeding $87,000. Situated in Pensacola, a historic Gulf Coast city with a metropolitan population of more than 400,000 and a strong military presence, the property benefits from its position within a primary retail corridor between Mobile and Tallahassee, providing consistent consumer traffic and long-term market stability. Florida Broker of Record: Scott Ayres DeYoung (FL BK 3421401).