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%
Tenancy Single
Lease Type Absolute NNN
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
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 5.95% CAP | 2,944 SqFt
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)
10.5 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
- 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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