Listed by Anchor Point Capital
$2,177,047
Absolute NNN Citgo Gas Station | Lake Charles MSA, LA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,850
Net Rentable (SqFt) 2,850
Units 1
Cap Rate 7.5%
NOI $163,279
Occupancy 100%
Tenancy Single
Brand/Tenant Citgo
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/01/2046
Remaining Term 19.7
Rent Bumps Yes
Lease Options 4 - 5 Yrs
Buildings 1
Stories 1
Acreage 0.520
Investment Type Net Lease
Lease Commencement 03/31/2026
Occupancy Date 03/31/2026
Ownership Fee Simple
Multi State Operator | 10,000 Cars Per Day at Intersection
Marketing description
For More Information, Contact
Chandler Dignam [email protected]
Ned Skinner [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 2,850 Square-Foot Convenience Store 8 Fueling Lanes
Excellent Visibility on Signalized Hard Corner
- Outstanding Location in Lake Charles MSA
- Direct Frontage to US-90; Primary Arterial Corridor Connecting Southwest Louisiana to Greater Houston Metro
- Signalized Hard Corner with 10,000 Cars per Day at Intersection
- Average Household Income Exceeds $86,000 Within 5 Miles; Affluent Suburban Pocket of the Lake Charles MSA
- Total Vehicle and Transportation Maintenance is the 2nd Highest Consumer Expenditure Within 3 Miles; ~25.11% of all spending
- Lake Charles MSA Population of 244,000; Regional Economic Hub of Southwest Louisiana
- Over $55 Billion in Industrial Projects Planned in the Lake Charles Region; Including LNG, Methanol, and Petrochemical Facilities
Investment highlights
For More Information, Contact
Chandler Dignam [email protected]
Ned Skinner [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 2,850 Square-Foot Convenience Store 8 Fueling Lanes
Excellent Visibility on Signalized Hard Corner
- Outstanding Location in Lake Charles MSA
- Direct Frontage to US-90; Primary Arterial Corridor Connecting Southwest Louisiana to Greater Houston Metro
- Signalized Hard Corner with 10,000 Cars per Day at Intersection
- Average Household Income Exceeds $86,000 Within 5 Miles; Affluent Suburban Pocket of the Lake Charles MSA
- Total Vehicle and Transportation Maintenance is the 2nd Highest Consumer Expenditure Within 3 Miles; ~25.11% of all spending
- Lake Charles MSA Population of 244,000; Regional Economic Hub of Southwest Louisiana
- Over $55 Billion in Industrial Projects Planned in the Lake Charles Region; Including LNG, Methanol, and Petrochemical Facilities
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,279.00
$13,606.58/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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