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Auto Service - Gas-Conv

SQRL 20 Year NNN leases 2% Annual Bumps

1000 W 30th Ave, Hutchinson, KS 67502

Listing Price: $1,127,820

Cap Rate
6.65%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
2,091
Lease Type
Absolute Net
Rent Per Square Feet
$35.87

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station & Convenience Store located at 1000 W. 30th Avenue in Hutchinson, Kansas. Hutchinson is the largest city and county seat in Reno County, Kansas located on the Arkansas River, with population over 65,000. Hutchinson is well known each year for hosting the Kansas State Fair and the National Junior College Athletic Association (NJCAA) Basketball Tournament. It is home to Kansas Cosmosphere and Space Center Aerospace Museum and Strataca (Formerly known as Kansas Underground Salt Museum). Salt was discovered in Reno County by Benjamin Blanchard in 1887 and gave rise to the first saltprocessing plants west of the Mississippi River. Hutchinson Salt Company, Cargill and Morton Salt all have evaporative salt plants in Hutchinson. Many businesses make their home in Hutchinson including Kroger Co. with a major distribution center in Hutchinson. Collins Bus Corporation resides near Hutchinson and is the leading small school bus manufacturer in North America. This SQRL property is located a short drive to Hutchinson Community College with a student enrollment currently at 4,907 students. Also nearby is Hutchinson Municipal Airport with 1,597 acres and averaging 120 flights per day and 40,850 flights per year. Shopping destinations nearby the property include Walmart Super Center, Kohl’s Department Store, Hutchinson Mall, and T.J. Maxx. Also nearby is Hutchinson Regional Medical Center with 190 Beds and serving the 65,000 residents of Hutchinson and Reno County. SQRL Fuel Stations are clean, well-lit and safe places to fill up and grab some food. The stations offer full service at the pump and inside, along with drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL location. 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
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Qualifies for Accelerated Depreciation
  • Every SQRL Location Offers Full Service
  • Drive-Thru & Order at Pump Convenience Store 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: $1,127,820

Cap Rate
6.65%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
2,091
Lease Type
Absolute Net
Rent Per Square Feet
$35.87

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Qualifies for Accelerated Depreciation
  • Every SQRL Location Offers Full Service
  • Drive-Thru & Order at Pump Convenience Store Service

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Service Station & Convenience Store located at 1000 W. 30th Avenue in Hutchinson, Kansas. Hutchinson is the largest city and county seat in Reno County, Kansas located on the Arkansas River, with population over 65,000. Hutchinson is well known each year for hosting the Kansas State Fair and the National Junior College Athletic Association (NJCAA) Basketball Tournament. It is home to Kansas Cosmosphere and Space Center Aerospace Museum and Strataca (Formerly known as Kansas Underground Salt Museum). Salt was discovered in Reno County by Benjamin Blanchard in 1887 and gave rise to the first saltprocessing plants west of the Mississippi River. Hutchinson Salt Company, Cargill and Morton Salt all have evaporative salt plants in Hutchinson. Many businesses make their home in Hutchinson including Kroger Co. with a major distribution center in Hutchinson. Collins Bus Corporation resides near Hutchinson and is the leading small school bus manufacturer in North America. This SQRL property is located a short drive to Hutchinson Community College with a student enrollment currently at 4,907 students. Also nearby is Hutchinson Municipal Airport with 1,597 acres and averaging 120 flights per day and 40,850 flights per year. Shopping destinations nearby the property include Walmart Super Center, Kohl’s Department Store, Hutchinson Mall, and T.J. Maxx. Also nearby is Hutchinson Regional Medical Center with 190 Beds and serving the 65,000 residents of Hutchinson and Reno County. SQRL Fuel Stations are clean, well-lit and safe places to fill up and grab some food. The stations offer full service at the pump and inside, along with drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL location. 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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