Columbia, SC – January 9, 2024 – Faris Lee Investments is pleased to announce the successful completion of the $2.3 million sale of Murphy USA, C-store/gas station in Columbia, South Carolina. The transaction, boasting a 5.5% cap rate, was orchestrated by Faris Lee Investments' Senior Managing Director, Scott DeYoung, Director, Managing Principal Jeff Conover, and Director Greg Lukosky. The regional developer, represented by Faris Lee Investments, engaged in a swift 32-day escrow, closing with an all-cash 1031 exchange investor at 100% of the list price.

The subject property, a Single-Tenant Net Lease (STNL) Corporate Guaranteed by Murphy USA, offers a new 20-year absolute triple net ground lease with increases every 5 years—providing a strategic hedge against inflation and maximizing return on investment.

Murphy USA, a company founded in 1944, currently operates approximately 1,700 convenient store/gas station locations across 27 states and ranks #182 on the 2023 Fortune 500 list of the largest US corporations. The Columbia property, strategically located off Interstate 20 with direct access on Broad River Road, with approximately 34,200 vehicles per day. Positioned on a signalized hard corner, Murphy USA ensures easy access and convenience for customers.

Faris Lee Investments continues to excel in delivering innovative marketing solutions and outstanding results in the competitive commercial real estate market.

About Faris Lee Investments:
Faris Lee Investments a leading national retail investment firm founded in 1996 and is based in Irvine, California. The firm specializes in commercial real estate investment sales, brokerage, and advisory services. In addition, the firm provides a national marketing platform of properties for sale, asset appraisal, property valuation, debt structuring, negotiation, market research, and analysis services. Faris Lee combines underwriting and research that exceeds industry standards with a marketing strategy to transform investment potential, enhance value and provide their clients the competitive advantage needed when making investment decisions. The firm also serves as institutional advisors in the areas of acquisitions and dispositions, merchant banking, distressed asset disposition, private equity, and corporate sale-leaseback. For more information, visit www.farislee.com