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Express Lane / CrossAmerica Partners

4707 County Rd 389, Lynn Haven, FL 32444

Listing Price: $2,741,000

Cap Rate
5.85%
Tenant Name
CrossAmerica Partners LP
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
3,440
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.62

Investment Overview

Marcus & Millichap is pleased to offer for sale this Express Lane located in Lynn Haven, FL. Express Lane has been at this site since 2006 and recently exercised their five-year option. The NNN lease is corporate guaranteed by CrossAmerica Partners. The subject property is ideally located across the street from new development: Dollar General and Southern Self Storage. There are also 2 acres of developable land right next to the subject property. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • NNN: No Landlord Responsibilities - Corporate Guaranteed Lease by CrossAmerica Partners
  • Operating at this Site Since 2006
  • Recently Exercised Five-Year Option
  • 2 Acres of Developable Land Next to Subject Property
  • New Development Across the Street - Dollar General – Built in 2019, Southern Self Storage – Built in 2020
  • Florida - Income Tax Free State & Massive Population Migration

Exclusively Listed By

Auto Service - Gas-Conv

Express Lane / CrossAmerica Partners

Listing Price: $2,741,000

Cap Rate
5.85%
Tenant Name
CrossAmerica Partners LP
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
3,440
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.62

Investment Highlights

  • NNN: No Landlord Responsibilities - Corporate Guaranteed Lease by CrossAmerica Partners
  • Operating at this Site Since 2006
  • Recently Exercised Five-Year Option
  • 2 Acres of Developable Land Next to Subject Property
  • New Development Across the Street - Dollar General – Built in 2019, Southern Self Storage – Built in 2020
  • Florida - Income Tax Free State & Massive Population Migration

Investment Overview

Marcus & Millichap is pleased to offer for sale this Express Lane located in Lynn Haven, FL. Express Lane has been at this site since 2006 and recently exercised their five-year option. The NNN lease is corporate guaranteed by CrossAmerica Partners. The subject property is ideally located across the street from new development: Dollar General and Southern Self Storage. There are also 2 acres of developable land right next to the subject property. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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