Listed by CBRE - Fort Collins, CBRE Atlanta, CBRE - Atlanta, CBRE - Midtown Manhattan
$2,962,963
Alta: Green River, WY
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,047
Cap Rate 6.75%
NOI $200,000
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/31/2041
Remaining Term 14.5
Rent Bumps Yes
Lease Options Four 5-year options
Year Built 1999
Acreage 1.080
Investment Type Net Lease
Alta Convenience Store & Exxon Gas Station | Absolute NNN Lease | Business Not for Sale
Marketing description
CBRE is pleased to exclusively offer for sale the 4,047-square-foot Alta convenience store and gas station situated on 1.08 acres in Green River, WY. Alta’s absolute NNN lease features ±15.1 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
Business is not for sale.
Investment highlights
ATTRACTIVE LEASE WITH NO LANDLORD OBLIGATIONS: The absolute NNN lease features ±15.1 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
RENT INCREASES DURING TERM & OPTIONS: 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
LONG-TERM OPERATING HISTORY: Operating history of over 26 years.
Listing Contacts
Listed by CBRE - Fort Collins, CBRE Atlanta, CBRE - Atlanta, CBRE - Midtown Manhattan
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
