Listed by Arsenal Real Estate Advisors
$6,222,222
Three Bears Alaska
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,728
Pumps 10
Cap Rate 6.75%
NOI $420,000
Occupancy 100%
Tenancy Single
Brand/Tenant Home Depot, Shell
Lease Type NN
Lease Term 15
Lease Expiration 02/28/2037
Remaining Term 10.7
Rent Bumps Yes
Lease Options 2, 5-Year
Price per SqFt $1,086
Broker Co-Op Yes
Year Built 2022
Buildings 1
Acreage 1.330
Parking Spaces 20 spaces
Parking Per SqFt 3.49
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2022
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
C-Store/Gas Station | +/- 11 Years Remaining
Marketing description
Investment highlights
Three Bears Alaska - Strong Regional Operator With Scalable Convenience Model
Prime Placement Among National Retailers Driving Consistent Traffic
5% Rent Increases Every 5 Years
High-Growth Trade Area in Alaska’s Second-Largest Population Center
Strategic Positioning Along E Palmer Wasilla Hwy (+/- 36k VPD) | Signalized Intersection
Adjacent to Sudzy Salmon Car Wash – Strong Cross-Shopping Synergy
Listing Contacts
Listed by Arsenal Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$420,000.00
$35,000.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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