Maverick Gas & Convenience Store
Corporate Guarantee with Annual Increases
Marketing description
Colliers is pleased to present an exceptional investment opportunity: an Maverik Gas & Convenience store located at 610 Heartland Way in North Liberty, Iowa. The property features a approximately 3,392 square foot, retail building situated on a 1.61-acre parcel, offers strong street presence and convenient vehicle access.
Built-to-suit in 2009, the asset is secured by the original 20-year lease with four successive five-year options to extend. The absolute net lease recently completed a merger with Maverik, Inc. and has a full corporate guarantee from Maverik Group, LLC. It also includes scheduled rent escalations annually including each option period, providing predictable, long-term cash flow and zero landlord responsibilities.
The Maverik Gas & Convenience Store at 610 Heartland Way, sits just east of I-380, directly off of West Penn. Property amenities include fuel pumps, diesel, ATM, propane, lottery, prepared food, and convenience-store services. The station operates 24/7 and serves as a convenient stop for commuters, students, and nearby residents.
Investment highlights
- 1.5% Annual Increases, Including Options
- Absolute Net Lease - Zero Landlord Responsibilities
- Signalized Hard-Corner Intersection
- Located just off Interstate 380 (47K VPD)
- North Liberty - 289% Population Growth Since 2000
- May Qualify for Bonus Depreciation - Consult Your Tax Professional
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