Auto Service - Gas-Conv
GX Market Sale-Leaseback | 20-Year NNN | Bonus Depreciation
2391 Pineapple Hwy, Greenville, AL 36037
Listing Price: $1,770,000
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Interstate location directly off I-65 Multiple points of ingress/egress Strategically positioned as 1st gas/c-store off exit ramp heading – northbound To be remodeled and rebranded gas/c-store Significant tenant investment Large parcel size of ±5 acres Flat topography with strong visibility along Pineapple Highway 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
- Large parcel size of ±5 acres
- Triple Net (NNN) lease with no landlord responsibilities
- Rare 20-year base term
Broker of Record
Auto Service - Gas-Conv
GX Market Sale-Leaseback | 20-Year NNN | Bonus Depreciation
Listing Price: $1,770,000
Investment Highlights
- Large parcel size of ±5 acres
- Triple Net (NNN) lease with no landlord responsibilities
- Rare 20-year base term
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Interstate location directly off I-65 Multiple points of ingress/egress Strategically positioned as 1st gas/c-store off exit ramp heading – northbound To be remodeled and rebranded gas/c-store Significant tenant investment Large parcel size of ±5 acres Flat topography with strong visibility along Pineapple Highway 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
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Eddie Greenhalgh
Senior Vice President Investments

