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Auto Service - Gas-Conv

Shell Gas Station | 10 Years Remain | 6% Rent Bumps Every 3 Years

1312 Lasalle St, Charlotte, NC 28216

Listing Price: $1,650,000

Cap Rate
5.27%
Tenant Name
Shell
Years Remaining On Lease
13.9
Guarantor
Personal Guarantee
Rentable SF
2,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.50

Investment Overview

The Property is situated in a limited trade area, surrounded primarily by residential density. It is also within one-and-one-half-mile to eight area schools totaling 3,825 students. Aside from the neighboring Marathon Gas station, there is limited competition with the nearest competitors one-mile northwest and more than two-miles south near downtown Charlotte.

Investment Highlights

  • Established Location with 40+ Year Operating History
  • Absolute NNN Lease allows for Accelerated Depreciation
  • Strategic Location off Interstate-77

Exclusively Listed By

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s) NC: 241055

    North Carolina

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Shell Gas Station | 10 Years Remain | 6% Rent Bumps Every 3 Years

Listing Price: $1,650,000

Cap Rate
5.27%
Tenant Name
Shell
Years Remaining On Lease
13.9
Guarantor
Personal Guarantee
Rentable SF
2,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.50

Investment Highlights

  • Established Location with 40+ Year Operating History
  • Absolute NNN Lease allows for Accelerated Depreciation
  • Strategic Location off Interstate-77

Investment Overview

The Property is situated in a limited trade area, surrounded primarily by residential density. It is also within one-and-one-half-mile to eight area schools totaling 3,825 students. Aside from the neighboring Marathon Gas station, there is limited competition with the nearest competitors one-mile northwest and more than two-miles south near downtown Charlotte.

Exclusively Listed By

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s): NC: 241055

    North Carolina

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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