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Auto Service - Gas-Conv

Gas Express Sale-Leaseback | 20-Year NNN | Bonus Depreciation | Annual Rent Bumps

939 Fort Dale Rd, Greenville, AL 36037

Listing Price: $2,124,000

Cap Rate
5.65%
Tenant Name
Gas Express
Gross SF
2,625
Guarantor
Franchisee Guarantee
Rentable SF
2,625
Price/Gross SF
$809.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.71

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Flat topography with strong visibility along Fort Dale Road (±13,800 VPD) 4-lane road that connects I-65 to downtown Greenville Strategically located off Interstate-65 Multiple points of ingress/egress Significant tenant investment Six (6) fueling bays with on-site car wash Large parcel size of ±0.95 acres OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Fundamentally low rent of $100,000 in Lease Year 1 1.5% rent escalations ever year throughout entire lease Triple Net (NNN) lease with no landlord responsibilities Tax advantages with accelerated depreciation due to fee simple ownership DOMINANT GAS & C-STORE OPERATOR Expanding 135+ unit operator across 6 states GA, LA, AR, AL, SC, TN Currently, operate 15+ units throughout Alabama Other brands include TA Express, Circle K and Kangaroo Express 26+ year operating history

Investment Highlights

  • Strategically located off Interstate-65
  • Six (6) fueling bays with on-site car wash
  • Tax advantages with accelerated depreciation due to fee simple ownership

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Gas Express Sale-Leaseback | 20-Year NNN | Bonus Depreciation | Annual Rent Bumps

Listing Price: $2,124,000

Cap Rate
5.65%
Tenant Name
Gas Express
Gross SF
2,625
Guarantor
Franchisee Guarantee
Rentable SF
2,625
Price/Gross SF
$809.14
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.71

Investment Highlights

  • Strategically located off Interstate-65
  • Six (6) fueling bays with on-site car wash
  • Tax advantages with accelerated depreciation due to fee simple ownership

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Flat topography with strong visibility along Fort Dale Road (±13,800 VPD) 4-lane road that connects I-65 to downtown Greenville Strategically located off Interstate-65 Multiple points of ingress/egress Significant tenant investment Six (6) fueling bays with on-site car wash Large parcel size of ±0.95 acres OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Fundamentally low rent of $100,000 in Lease Year 1 1.5% rent escalations ever year throughout entire lease Triple Net (NNN) lease with no landlord responsibilities Tax advantages with accelerated depreciation due to fee simple ownership DOMINANT GAS & C-STORE OPERATOR Expanding 135+ unit operator across 6 states GA, LA, AR, AL, SC, TN Currently, operate 15+ units throughout Alabama Other brands include TA Express, Circle K and Kangaroo Express 26+ year operating history

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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