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Auto Service - Gas-Conv

SQRL 20 Year NNN leases 2% Annual Bumps

101 E Lake St, McLouth, KS 66054

Listing Price: $1,503,759

Cap Rate
6.65%
Tenant Name
101 E Lake St, McLouth, KS 66054
Years Remaining On Lease
19.3
Guarantor
Corporate Guarantee
Rentable SF
1,448
Lease Type
Absolute Net
Rent Per Square Feet
$69.06

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Fuel Station and Convenience Store located at 101 E. Lake Street in McLouth, Kansas. McLouth is a city in Jefferson County, Kansas and part of the Topeka Metropolitan Statistical Area with a population 234,566. Many manufacturing industries are located in McLouth and the Topeka Area including Welder Bob Fabrication, S & S Alloy Steel Inc., and TK Metalworks. Many apartment complexes are located minutes from this SQRL property including Pin Oak Apartments and Townhomes (152 rented Units), and Hilltop Apartments. Also nearby is Hilltop Community College with 2,866 enrolled students and Webster University with 8,197 enrolled students. A short drive from the property is Lawrence Memorial Hospital with 308 Beds, 736 Medical Staff and 2,328 employees. SQRL Fuel Stations are clean, well-lit and safe places to fill up or grab some food. The stations offer full service at the pump and inside, along with drivethru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Service Station. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown products and items. The leases are guaranteed by an 80+ unit operating entity. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70+ units in its development pipeline.

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • Being Remodeled as SQRL Fuel Stations
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Qualifies for Accelerated Depreciation
  • Every SQRL Location Offers Full Service

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Auto Service - Gas-Conv

SQRL 20 Year NNN leases 2% Annual Bumps

Listing Price: $1,503,759

Cap Rate
6.65%
Tenant Name
101 E Lake St, McLouth, KS 66054
Years Remaining On Lease
19.3
Guarantor
Corporate Guarantee
Rentable SF
1,448
Lease Type
Absolute Net
Rent Per Square Feet
$69.06

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • Being Remodeled as SQRL Fuel Stations
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Qualifies for Accelerated Depreciation
  • Every SQRL Location Offers Full Service

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Fuel Station and Convenience Store located at 101 E. Lake Street in McLouth, Kansas. McLouth is a city in Jefferson County, Kansas and part of the Topeka Metropolitan Statistical Area with a population 234,566. Many manufacturing industries are located in McLouth and the Topeka Area including Welder Bob Fabrication, S & S Alloy Steel Inc., and TK Metalworks. Many apartment complexes are located minutes from this SQRL property including Pin Oak Apartments and Townhomes (152 rented Units), and Hilltop Apartments. Also nearby is Hilltop Community College with 2,866 enrolled students and Webster University with 8,197 enrolled students. A short drive from the property is Lawrence Memorial Hospital with 308 Beds, 736 Medical Staff and 2,328 employees. SQRL Fuel Stations are clean, well-lit and safe places to fill up or grab some food. The stations offer full service at the pump and inside, along with drivethru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Service Station. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown products and items. The leases are guaranteed by an 80+ unit operating entity. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70+ units in its development pipeline.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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