Listed by CrownPoint Partners
$3,650,000
20-yr Absolute Net Service Station
Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,668
Cap Rate 7.26%
NOI $265,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 2, 5-year
Price per SqFt $1,368
Broker Co-Op Yes
Class B
Year Built 1992
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Brand New 20 Year Absolute Net Lease with Zero Landlord Responsibilities
Marketing description
- Brand New 20 Year Absolute Net Lease with Zero Landlord Responsibilities
- Attractive 7.25% Cap Rate Offers Strong In-Place Yield Compared to Comparable Net Lease Retail Investments
- Corporate-Backed Lease with an Active Convenience Store Operator with Fuel and Inside Sales Revenue Streams
- Strong Rent Coverage with Store-Level Net Income Exceeding 2.14x Rent Demonstrates Operational Strength and Tenant Viability
- Mission-Critical Operating Asset with Fuel, Convenience Retail, and Ancillary Income Streams Supporting Long- Term Tenant Stability
- Built-In 1.50% Annual Rent Escalations Provide Predictable Income Growth Throughout the Lease Term
- Below Replacement Cost Entry Point Provides Downside Protection and Attractive Basis for Investors
- Essential-Use Retail Asset Class with Recession-Resistant Demand Driven by Daily Fuel and Convenience Needs
- Ideal for Private Investors or 1031 Exchange Buyers Seeking Passive, Income-Producing Assets with Long- Term Stability
Investment highlights
- Brand New 20 Year Absolute Net Lease with Zero Landlord Responsibilities
- Attractive 7.25% Cap Rate Offers Strong In-Place Yield Compared to Comparable Net Lease Retail Investments
- Corporate-Backed Lease with an Active Convenience Store Operator with Fuel and Inside Sales Revenue Streams
- Strong Rent Coverage with Store-Level Net Income Exceeding 2.14x Rent Demonstrates Operational Strength and Tenant Viability
- Mission-Critical Operating Asset with Fuel, Convenience Retail, and Ancillary Income Streams Supporting Long- Term Tenant Stability
- Built-In 1.50% Annual Rent Escalations Provide Predictable Income Growth Throughout the Lease Term
- Below Replacement Cost Entry Point Provides Downside Protection and Attractive Basis for Investors
- Essential-Use Retail Asset Class with Recession-Resistant Demand Driven by Daily Fuel and Convenience Needs
- Ideal for Private Investors or 1031 Exchange Buyers Seeking Passive, Income-Producing Assets with Long- Term Stability
Listing Contacts
Listed by CrownPoint Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$265,000.00
$22,083.33/mo
Valuation Metrics
0
DSCR
7.26%
Cap Rate
7.26%
ROI
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