Listed by CBRE - Des Moines
$2,424,621.84
MAVERIK
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,944
Cap Rate 5.95%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 85
Rent Bumps Yes
Lease Options Five 5-year options to renew with a 5% rent increase per option
Class A
Year Built 2009
Acreage 0.850
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Absolute NNN Investment Property For Sale
Marketing description
CBRE is pleased to offer for sale a 2,944 square foot freestanding retail property on 37,125 square feet of land which is net leased to Maverik for fifteen years.
Investment Summary:
Price: $2,424,621.84
Cap Rate: 5.95%
Size: 2,944 SF (Bldg)
37,125 SF (Lot)
8.5 year remaining on lease
Investment highlights
- 100% Bonus Depreciation
- Ideal property for 1031 exchange
- Zero landlord responsibilities
- Corporate Lease with MAVERIK.
- 15 Year Absolute Triple Net Lease from date of purchase
- 7.5% rent increase effective every 5 years during initial term (Next Rent Increase: 2029)
- Five 5-year options to renew with a 5% rent increase per option
- Corporate Environmental Indemnification
- 2026 marks MAVERIK's 98th year of business
- Excellent credit tenant ranked 12th largest convenience store operator in the nation
Listing Contacts
Listed by CBRE - Des Moines
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