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Auto Service - Gas-Conv

RaceTrac (Atlanta MSA)

5410 Dallas Highway SW, Dallas, GA 30127

Listing Price: $7,356,000

Cap Rate
5.50%
Tenant Name
RaceTrac Petroleum, Inc.
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
5,400
Lease Type
Absolute Net
Rent Per Square Feet
$74.92

Investment Overview

LONG TERM CORPORATE LEASE There are approximately 11.75 years remaining on the initial lease term with 7.5% rent increases every 5-years, which continue through each of the seven, 5-year renewal option periods. The lease is absolute net, with no landlord maintenance responsibilities and comes with a corporate guarantee from RaceTrac Petroleum, Inc.. RaceTrac has been operating since 1934, which is an 87-year operating history. The Company now operates over 550 convenience store locations in Florida, Georgia, Louisiana, Tennessee, and Texas. RaceTrac generated $9.6 Billion in Revenue in 2021. CONVENIENT RETAIL LOCATION RaceTrac is strategically located on Dallas Highway (32,691 VPD), the main thoroughfare crossing through northern Dallas. National retailers in the immediate area include a U-Haul Moving & Storage, Walmart Supercenter, Pizza Hut, Zaxby’s Chicken Fingers and Buffalo Wings, AutoZone Auto Parts, Waffle House, and many others. STRATEGIC LOCATION ALONG DALLAS HIGHWAY The Property is strategically located along Dallas Highway, halfway between Downtown Dallas and Marietta and only 21 miles from Atlanta. STRONG DEMOGRAPHICS | $152K AVERAGE HH INCOME 1-MILE RADIUS The Property offers favorable demographics for the region with an average household income of $152,511 within a one-mile radius and 106,820 residents within 5-miles. STRONG POTENTIAL TAX ADVANTAGE | 80% BONUS DEPRECIATION IN 2022 The estimated bonus depreciation in 2022 for the Subject Property is $3,200,000. Please see the IRS Circular 230 Disclosure. Current rules allow investors to immediately write off 100% of the improvement value in Year 1 if certain requirements are met, and the property is placed in service after September 27, 2017. ATLANTA MSA LOCATION Located in Dallas, Georgia, 21 miles northeast of downtown Atlanta, the site benefits from its proximity to the economic hub of the Southeast. The region has a population of roughly 6 million people and over the next five years is expected to add approximately 288,000 residents. Atlanta ranks as one of the nation’s top markets for Fortune 500 companies. UPS, Delta Airlines, Coca-Cola, and Home Depot represent a portion of the 16 companies with headquarters in the metro

Investment Highlights

  • LONG TERM CORPORATE LEASE
  • CONVENIENT RETAIL LOCATION
  • STRATEGIC LOCATION ALONG DALLAS HIGHWAY
  • STRONG DEMOGRAPHICS | $152K AVERAGE HH INCOME 1-MILE RADIUS
  • STRONG POTENTIAL TAX ADVANTAGE | 80% BONUS DEPRECIATION IN YEAR 1
  • ATLANTA MSA LOCATION

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Auto Service - Gas-Conv

RaceTrac (Atlanta MSA)

Listing Price: $7,356,000

Cap Rate
5.50%
Tenant Name
RaceTrac Petroleum, Inc.
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
5,400
Lease Type
Absolute Net
Rent Per Square Feet
$74.92

Investment Highlights

  • LONG TERM CORPORATE LEASE
  • CONVENIENT RETAIL LOCATION
  • STRATEGIC LOCATION ALONG DALLAS HIGHWAY
  • STRONG DEMOGRAPHICS | $152K AVERAGE HH INCOME 1-MILE RADIUS
  • STRONG POTENTIAL TAX ADVANTAGE | 80% BONUS DEPRECIATION IN YEAR 1
  • ATLANTA MSA LOCATION

Investment Overview

LONG TERM CORPORATE LEASE There are approximately 11.75 years remaining on the initial lease term with 7.5% rent increases every 5-years, which continue through each of the seven, 5-year renewal option periods. The lease is absolute net, with no landlord maintenance responsibilities and comes with a corporate guarantee from RaceTrac Petroleum, Inc.. RaceTrac has been operating since 1934, which is an 87-year operating history. The Company now operates over 550 convenience store locations in Florida, Georgia, Louisiana, Tennessee, and Texas. RaceTrac generated $9.6 Billion in Revenue in 2021. CONVENIENT RETAIL LOCATION RaceTrac is strategically located on Dallas Highway (32,691 VPD), the main thoroughfare crossing through northern Dallas. National retailers in the immediate area include a U-Haul Moving & Storage, Walmart Supercenter, Pizza Hut, Zaxby’s Chicken Fingers and Buffalo Wings, AutoZone Auto Parts, Waffle House, and many others. STRATEGIC LOCATION ALONG DALLAS HIGHWAY The Property is strategically located along Dallas Highway, halfway between Downtown Dallas and Marietta and only 21 miles from Atlanta. STRONG DEMOGRAPHICS | $152K AVERAGE HH INCOME 1-MILE RADIUS The Property offers favorable demographics for the region with an average household income of $152,511 within a one-mile radius and 106,820 residents within 5-miles. STRONG POTENTIAL TAX ADVANTAGE | 80% BONUS DEPRECIATION IN 2022 The estimated bonus depreciation in 2022 for the Subject Property is $3,200,000. Please see the IRS Circular 230 Disclosure. Current rules allow investors to immediately write off 100% of the improvement value in Year 1 if certain requirements are met, and the property is placed in service after September 27, 2017. ATLANTA MSA LOCATION Located in Dallas, Georgia, 21 miles northeast of downtown Atlanta, the site benefits from its proximity to the economic hub of the Southeast. The region has a population of roughly 6 million people and over the next five years is expected to add approximately 288,000 residents. Atlanta ranks as one of the nation’s top markets for Fortune 500 companies. UPS, Delta Airlines, Coca-Cola, and Home Depot represent a portion of the 16 companies with headquarters in the metro

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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