Murphy USA | Brand New Construction | New 20 Year Abs. NNN GL
1145 East Atlantic Street, South Hill, VA, USA
Price: $3,107,000
Status: Available
Cap Rate: 5.15%
Year Built: 2025
NOI: $160,000
Lot Size: 0.90 acres
Price Per Foot: $1,100
Lease Type: Absolute Triple-Net Ground (NNN)
Remaining Term: 20 Years
GLA: 2,824 sqft
Property Intro
Lee & Associates is pleased to present a brand-new Murphy USA fuel station and convenience store located in South Hill, Virginia. This 2025 construction features the latest Murphy USA prototype on a 0.90-acre parcel and is positioned directly off East Atlantic Street (22,700 VPD) with immediate access to Interstate 85 (33,000 VPD). The property is secured by a 20-year absolute NNN ground lease with zero landlord responsibilities and 9% rent increases every five years. The corporate lease is guaranteed by Murphy Oil USA, Inc. (NYSE: MUSA), a Fortune 500 company operating over 1,700 locations nationwide with annual revenues exceeding $21 billion.
Strategically located in Mecklenburg County’s primary retail corridor, the site benefits from proximity to the only Walmart Supercenter within a 20-mile radius and is surrounded by top-performing national retailers including Home Depot, CVS, Tractor Supply Co., Starbucks, and Bojangles. The surrounding gas stations and C-stores rank among the top performers in Virginia and the nation, per Placer.ai, reinforcing strong consumer traffic. South Hill serves as a growing logistics hub with ongoing investments in infrastructure, including a new 67-acre industrial park and multiple data centers under development by Microsoft. The area also boasts direct connectivity to the Port of Virginia and key metro areas like Richmond and Raleigh.
This offering represents a compelling opportunity to acquire a passive, long-term investment in a high-growth market backed by a strong corporate tenant. The surrounding demographics support continued commercial success, with consumer spending on gasoline exceeding $4.74 million within a three-mile radius. As part of a revitalized and expanding economic corridor, this Murphy USA location is well positioned to capture immediate and lasting market share.