Listed by Anchor Point Capital
$5,048,692
Absolute NNN Maverix Gas Station | Gadsden, AL
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,992
Net Rentable (SqFt) 3,992
Units 1
Cap Rate 8%
NOI $403,895
Occupancy 100%
Tenancy Single
Brand/Tenant Maverix
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/13/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 4 - 5 Yrs
Year Built 1999
Buildings 1
Stories 1
Acreage 1.110
Investment Type Net Lease
New 20 Year Lease at Close of Escrow; 22,000+ Cars Per Day
Marketing description
For More Information, Contact
Chandler Dignam [email protected]
Jacob Sparks [email protected]
Excellent Single Tenant Investment Opportunity
- Absolute NNN Lease; Zero Landlord Responsibilities
- New 20 Year Lease Executed at Close of Escrow
- Strong Lease Guaranty; SGS Holdings with Over 20 years of Operating History
- Fee Simple Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult Your CPA for Tax Benefits)
- 1.75% Annual Increases in Primary Term and Options
- 3,992 SF Square Feet Convenience Store with 8 Fueling Lanes on 1.11 Acres
Outstanding Location in Gadsden, AL
- High Traffic Corridor; 22,000+ Cars Per Day
- Total Transportation and Maintenance Spending Represent the Largest Consumer Expenditure with a 3-Mile Radius; ~28% of all Consumer Spending
- Within 5 Miles of Minth Group Flagship Campus; 1M SF Advanced Manufacturing Hub Creating 1,300+ New Jobs
- Stable Housing Profile; 68.02% Owner-Occupied Housing Rate within 3-Miles; Reflecting an Established Local Residential Base
- Located along a Retailer Corridor; Neighboring National Tenants Include; Tractor Supply Co., McDonalds, Dollar General, Ollie’s Bargain Outlet, Dominos
Investment highlights
For More Information, Contact
Chandler Dignam [email protected]
Jacob Sparks [email protected]
Excellent Single Tenant Investment Opportunity
- Absolute NNN Lease; Zero Landlord Responsibilities
- New 20 Year Lease Executed at Close of Escrow
- Strong Lease Guaranty; SGS Holdings with Over 20 years of Operating History
- Fee Simple Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult Your CPA for Tax Benefits)
- 1.75% Annual Increases in Primary Term and Options
- 3,992 SF Square Feet Convenience Store with 8 Fueling Lanes on 1.11 Acres
Outstanding Location in Gadsden, AL
- High Traffic Corridor; 22,000+ Cars Per Day
- Total Transportation and Maintenance Spending Represent the Largest Consumer Expenditure with a 3-Mile Radius; ~28% of all Consumer Spending
- Within 5 Miles of Minth Group Flagship Campus; 1M SF Advanced Manufacturing Hub Creating 1,300+ New Jobs
- Stable Housing Profile; 68.02% Owner-Occupied Housing Rate within 3-Miles; Reflecting an Established Local Residential Base
- Located along a Retailer Corridor; Neighboring National Tenants Include; Tractor Supply Co., McDonalds, Dollar General, Ollie’s Bargain Outlet, Dominos
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$403,895.00
$33,657.92/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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