For Sale
$1,782,971

111 Farrow DrWinchester, VA 22602

High-yield, long-term NNN lease in VA.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,500 square foot Murphy USA convenience store and gas station located at 111 Farrow Dr, Winchester, VA 22602. Situated on a 2.02-acre lot, this property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $93,606. The property is subject to an absolute NNN lease with a corporate guarantee from Murphy USA, a publicly traded company (NYSE: MUSA), ensuring financial stability. The lease commenced October 5, 2012, and has a remaining term of approximately 9 years, extending to October 31, 2033. Built in 2011, this well-maintained property benefits from built-in rent increases of 7.50% every five years throughout the base term and each of the four to five-year tenant renewal option periods. With 100% occupancy and a price per square foot of $713.19, this is a compelling investment offering significant long-term value and minimal landlord responsibilities. The asking price is $1,782,971. This is a single-tenant property with a strong tenant and a long lease term, making it an attractive addition to any investment portfolio. The property's location in Winchester, Virginia, provides excellent visibility and accessibility.

Highlights

  • 2,500 SF Murphy USA gas station and convenience store on a 2.02-acre lot in Winchester, VA.
  • Absolute NNN lease with corporate guarantee from Murphy USA (NYSE: MUSA), minimizing landlord responsibilities.
  • Strong 5.25% cap rate and $93,606 NOI.
  • Approximately 9 years remaining on the lease (expires October 31, 2033), with built-in 7.5% rent increases every five years.
  • Asking price: $1,782,971 ($713.19/SF).

Property Details for 111 Farrow Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,500 SF
Year Built
2011
Lot Size (sq. ft)
87,991 SF

Location Insight

City
Winchester
County
Frederick
State
Virginia
Latitude
39.081079
Longitude
-78.1474726
111 Farrow Dr, Winchester, Virginia

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111 Farrow Dr
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