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Virtual Drive-By

Murphy USA Absolute NNN

US 27 & Holly Hill Grove Rd · Davenport, FL 33837 · Convenience / Fuel

Asking price
$4,950,000
Cap rate
4.85%
NOI
$240,000

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Lease

Lease typeAbsolute NNN
Term remaining20.3 yrs
Expiration10/2046
Rent bumps8% Every 5 Years, In Primary Term & Options
Options(4), 5-Year Options to Renew
Ground leaseYes
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,824
Price / SF$1,789
Year built2026
Lot size1.12 ac
TypeConvenience Store, Gas Station, Storefront
Days on market11

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Brand-New 20-Year Absolute NNN Ground Lease with Murphy Oil USA Inc., with 10% rent increases every 5 years in the primary term and during each of the four option periods.
  • ​Premier Location Directly Across the Street From A Brand-New Walmart Supercenter and Sam's Club currently under construction at Holly Hill Grove Road — Murphy USA's most synergistic retail neighbor, with the majority of its 1,800+ locations nationwide co-located alongside Walmart. The surrounding US-27 corridor is among the most active retail development zones in the state of FL.
  • ​Davenport is One of the Fastest-Growing Cities in the United States, recording a 9.55% annual population growth rate in 2024 — well above state and national benchmarks — driven by new master-planned communities, tourism employment, and sustained in-migration along the I-4 and US-27 corridors. The property sits within the Orlando/Kissimmee/Sanford MSA, which welcomed 75.9 million visitors in 2025 — a new all-time record.
  • ​High-Traffic Location on Highway 27 With Direct Left Turn Access at the hard corner of US Highway 27 and Holly Hill Grove Road, carrying 63,000 VPD — one of Central Florida's primary north–south arterials connecting the I-4 corridor to South Florida. The site benefits from exceptional visibility and access shared with a new Walmart Supercenter and Sam's Club currently under construction.
  • ​Significant Institutional and Tourism Demand Drivers within the trade area, including Walt Disney World (~15 miles), Universal Orlando (~25 miles), and the new 75,000 SF Polk State College Haines City–Davenport Campus opening Fall 2026. Over 101,000 people live within 5 miles of the property, with a projected 5.9% annual population growth rate through 2031.
  • ​Murphy USA (NYSE: MUSA) | Fortune 500 | BB+ Credit | $4.28B Revenue — Murphy USA is a leading national retailer of gasoline and convenience merchandise operating approximately 1,800 locations across 27 states, servicing an estimated 2 million customers per day.

Property overview

  • ​Brand-New 20-Year Absolute NNN Ground Lease — Zero Landlord Responsibilities
  • ​Premier Location Directly Across From a Brand-New Walmart Supercenter and Sam’s Club
  • ​Hard Corner with Direct Left Turn Access at US-27 & Holly Hill Grove — 63,500+ VPD
  • ​One of Florida's Fastest-Growing Areas in the State — Polk County | Subject Property is 10 Miles From Disney World
  • ​Strong Corporate Guarantee | NYSE: MUSA | 1,800+ Locations

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.