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Auto Service - Gas-Conv

GX Market Sale-Leaseback | 20-Year NNN | Bonus Depreciation

2391 Pineapple Hwy, Greenville, AL 36037

Listing Price: $1,770,000

Cap Rate
5.65%
Tenant Name
GX Market
Gross SF
2,496
Guarantor
Franchisee Guarantee
Rentable SF
2,496
Price/Gross SF
$709.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.06

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Auto Service - Gas-Conv

GX Market Sale-Leaseback | 20-Year NNN | Bonus Depreciation

Listing Price: $1,770,000

Cap Rate
5.65%
Tenant Name
GX Market
Gross SF
2,496
Guarantor
Franchisee Guarantee
Rentable SF
2,496
Price/Gross SF
$709.13
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.06

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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