LV Petroleum dba TA Travel Center (Bonus Depreciation)
LV Petroleum dba TA Travel Center
Marketing description
Issenberg & Britti Group of Surmount is pleased to present for sale this TravelCenters of America (TA) operated by LV Petroleum located at 80 Dixon Run Rd, Jackson, OH. The subject property is strategically located on US Route 35 with 14,682 vehicles per day. Within a 10-mile radius of the property there are 2.6 million square feet of industrial property with a low 0.9% vacancy rate and 1.3 million square feet of retail with a 1.7% vacancy rate.
The guarantor, LV Petroleum, signed a 20-year absolute triple-net lease with 2 percent annual escalations in August of 2025. The subject property is situated on 21 acres with a 18,030 square foot store. Amenities at this location include Sbarro’s, Miss J’s Diner, Miss J’s Express, 6 Diesel Fueling Lanes, 150 Truck Parking Spaces, 4 Private Showers, Repair Shop with two full-service bays, Lounge/Game Area, Trucker Supply and a CAT Scale.
LV Petroleum, the largest franchise operator within the TA system, has 90+ operating truck stops in 10 states, 19 gas stations (NV/AZ) and a pipeline of 15+ additional truck stops of both ground up builds or through acquisition and rebrand. They are franchisees for Sbarro, Rally’s, KFC, Einstein Bros Bagels, Krispy Krunchy Chicken, Del Taco, Dunkin, Charley’s and Black Bear Diner. In addition to retail operations, LV Petroleum operates a wholesale fuel distribution company that supplies 76, Philips and Conoco branded gasoline as well as unbranded fuels which supplies over one million gallons a month.
TravelCenters of America is the largest publicly traded full-service truck stop and travel center company in the United States with 350+ locations in 44 states. The company operates fullservice centers, convenience stores, and restaurants under the TravelCenters of America, TA, Petro Stopping Centers, TA Express, GOASIS brands. In May 2023, BP Products North America Inc., a wholly owned indirect subsidiary of BP plc acquired the company.
Investment highlights
• 20 Year Absolute Net Lease | Zero Landlord Responsibilities
• 2% Annual Increases
• Qualifies for 100% Bonus Depreciation (See Accountant for Details)
• Four, 20-Year Options with 2% Annual Increases
• 18,030 Square Foot Store • LV Petroleum Guarantee | 90+ TA Truck Stops
• Guarantor has a Robust Pipeline of 15+ Truck Stops
• Parcel is 21 Acres • LV Petroleum has Recently Completed Remodel (See Page 3 for Details)
• Located Just Off US Route 35 with 14,682 Vehicles per Day
• Modern Travel Center with Sbarro’s, Miss J’s Diner, Miss J’s Xpress, 6 Diesel Fueling Lanes, 150 Truck Parking Spaces, 4 Private Showers, Repair Shop with 2 Full Service Bays, Lounge/Game Area, Trucker Supply and a CAT Scale
• Average Household Income of $54,071 and a Population of 55,781 within a Twenty-Mile Radius
• 2.7 Million Square Feet of Industrial Properties within 10-Miles with 0.9% Vacancy
• 1.3 Million Square Feet of Retail Properties within 10-Miles with 1.7% Vacancy
• TravelCenters of America has 304 Facilities in 44 States
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