Listed by Oswald Cooke & Associates
$7,106,944
Maverik Convenience Store
Details
APN 0129200077
Property Type Retail
Sub Type Convenience Store
Square Footage 6,040
Units 1
Cap Rate 5.4%
NOI $383,775
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 05/31/2039
Remaining Term 12.9
Rent Bumps Yes
Lease Options (4) 5-Year Options
Year Built 2019
Stories 1
Acreage 5.420
Tenant Credit Corporate Guarantee
Lease Commencement 05/17/2019
Ground Lease No
Maverik Convenience Store | Absolute NNN | Corporate Guaranty | (4) 5-Year Renewal Options
Marketing description
Oswald Cooke & Associates is pleased to 249 W Old Mill Road in Fair Grove, MO for sale to qualified investors. Originally commencing in 2019, the property is subject to a 20-year absolute NNN corporate lease with Maverik. The 5.42 acre site is located on the far corner heading towards I-65 at the intersection of Old Mill Road and Hwy 65. The base term will expire in May 2039 and has (4) 5-Year renewal options. Fair Grove is located in Greene County. The gas station is located in the center of the community and is a relocation store from the previous site that is just down the street. There are no other gas stations in this corridor.
Investment highlights
13+ Years Remaining
Absolute NNN
Corporate Guaranty
(4) 5-Year Renewal Options
Listing Contacts
Listed by Oswald Cooke & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$383,775.00
$31,981.25/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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