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Auto Service - Gas-Conv

Express Lane / CrossAmerica Partners

241 Norvell St, Eastpoint, FL 32328

Listing Price: $600,000

Cap Rate
5.00%
Tenant Name
CrossAmerica Partners LP
Years Remaining On Lease
1.5
Guarantor
Corporate Guarantee
Rentable SF
3,048
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.84

Investment Overview

Marcus & Millichap is pleased to offer for sale this Express Lane located in Eastpoint, FL. Express Lane has and extremely long operating history as they have been at this site since 1987. They recently renovated the exterior, tanks, and pumps showing the tenant’s commitment to the site. The subject property is ideally located at the intersection of US Highway 98 and Island Drive and is also located near the only bridge leading to St. George Island. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Extremely Long Operating History - Operating at Site as Express Lane Since 1987
  • Significantly Below Market Rent
  • Florida - Income Tax Free State & Massive Population Migration
  • Ideally Located at the Intersection of US Hwy 98 & Island Dr.
  • Brand New Exterior Renovation / Tanks / Pumps - Recent Renovations and Installs Show Tenant Commitment to Site

Exclusively Listed By

Auto Service - Gas-Conv

Express Lane / CrossAmerica Partners

Listing Price: $600,000

Cap Rate
5.00%
Tenant Name
CrossAmerica Partners LP
Years Remaining On Lease
1.5
Guarantor
Corporate Guarantee
Rentable SF
3,048
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.84

Investment Highlights

  • Extremely Long Operating History - Operating at Site as Express Lane Since 1987
  • Significantly Below Market Rent
  • Florida - Income Tax Free State & Massive Population Migration
  • Ideally Located at the Intersection of US Hwy 98 & Island Dr.
  • Brand New Exterior Renovation / Tanks / Pumps - Recent Renovations and Installs Show Tenant Commitment to Site

Investment Overview

Marcus & Millichap is pleased to offer for sale this Express Lane located in Eastpoint, FL. Express Lane has and extremely long operating history as they have been at this site since 1987. They recently renovated the exterior, tanks, and pumps showing the tenant’s commitment to the site. The subject property is ideally located at the intersection of US Highway 98 and Island Drive and is also located near the only bridge leading to St. George Island. 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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