MAPCO Gas Station & Convenience Store
Absolute NNN Lease | 100% Bonus Deprecation
Marketing description
The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to acquire the single tenant, absolute NNN leased MAPCO convenience store and gas station in Uniontown, OH. This location has successfully been in operation since 1994. The lease is guaranteed by Majors Management LLC, owner of Mapco and who supports over 600 retail gas stations and almost 550 independent retailers. With over 9.5 years remaining in the primary term, three 5-year option periods, rent increases every 5 years, unconditional guaranties and no landlord responsibilities, this asset is ideal for a passive investor seeking long-term cash flows.
The property is situated in front of a 90,000 square foot Giant Eagle Market District grocery store.The 2,729 SF c-store with four MFD’s on 1-acre parcel is strategically located on the hard corner signalized intersection of Massillion Road and Sandy Knoll Drive and is directly located at the on ramp off ramp of Interstate 77 (over 93,300 VPD). The subject property is 9 miles from downtown Akron, OH which has an MSA population exceeding 700,000. Nearby retailers include Giant Eagle Market District, ACME Fresh Market, ALDI, Goodwill, CVS Pharmacy, Chase Bank, McDonald’s, Chipotle, Starbucks, Dunkin’, Taco Bell and more.
This is an excellent opportunity to purchase an absolute NNN gas station and c-store with multiple lease guarantors with a longterm lease, below market rent and a low price point.
Investment highlights
- Absolute NNN – MAPCO Gas Station & Convenience Store
- Below Market Rent and Small Price Point
- Lease Guaranteed by Majors Management LLC (www.majorsmanagement.com)
- Leading Owner, Developer, and Operator of Convenience stores and Distributor of Branded and Unbranded Motor Fuels
- Supports More than 600 Retail Gas Stations & Almost 550 Independent Retailers
- Over 9.5 Years Remaining in the Primary Term
- 5% Rent Increases Every 5 Years - Inflation Resistant Cash Flows
- 100% Bonus Depreciation – (Consult with your Tax Advisor)
- 2,729 SF Convenience Store on 1 Acre Parcel – 4 MFD’s
- Situated in front of a 90,000 SF Giant Eagle Market District
- Estimated Sales of $53.2 Million (Placer)
- Directly Located at Access Point of Interstate 77 – Over 93,300 VPD
- 12 Minutes to Downtown Akron, OH – MSA Population Exceeding 700,000
- Excellent Demographics – Over 71,560 Residents within 5 Mile Radius
- High Income Trade Area - AHHI Exceeding $128,800 within 3-Mile Radius
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