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Auto Service - Gas-Conv

SQRL 20 Year NNN Leases 2% Bumps Bonus Depreciation

Hwy 167South, Sheridan, AR 72150

Listing Price: $1,384,615

Cap Rate
6.50%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$30.00

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Fuel Station and convenience store located at 7781 Highway 167 S. in Sheridan, Arkansas. Sheridan is a city and county seat of Grant County, Arkansas with population 4,920. Sheridan sits at the busy intersection of U.S. Highways 167 and 270. Located at the southern end of central Arkansas, Sheridan has been experiencing a population boom in recent years, as indicated by a 49 percent growth in population between 1990 and 2010. Located nearby this SQRL Fuel Station is The Clinton National Airport with over 263 flights per day and averaging 95,959 flights per year. Also nearby is a popular tourist destination, The Grant County Museum, hosting hundreds of visitors each year with an extensive World War II vehicle collection. Not far from the property is Saline Memorial Hospital, a 177 Bed hospital and the largest employer in Saline County, Arkansas. Several colleges and universities are also a short drive to the property including Pulaski College with 4,223 enrolled students, Southeast Arkansas College with 1,113 students and Baptist Health College with over 700 enrolled students. SQRL Fuel Stations are clean, well-lit, safe places to fill up or 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 each and every SQRL Service Station. These family-friendly, coffee shoplike convenience stores offer proprietarily sourced products interspersed with local business offerings and products. 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
  • Drive-Thru & Order at Pump Convenience Store Service
  • SQRL Puts an Emphasis on Service, Partners with Local Food Vendors, and Provides a Family Friendly Atmosphere

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Auto Service - Gas-Conv

SQRL 20 Year NNN Leases 2% Bumps Bonus Depreciation

Listing Price: $1,384,615

Cap Rate
6.50%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Absolute Net
Rent Per Square Feet
$30.00

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
  • Drive-Thru & Order at Pump Convenience Store Service
  • SQRL Puts an Emphasis on Service, Partners with Local Food Vendors, and Provides a Family Friendly Atmosphere

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Fuel Station and convenience store located at 7781 Highway 167 S. in Sheridan, Arkansas. Sheridan is a city and county seat of Grant County, Arkansas with population 4,920. Sheridan sits at the busy intersection of U.S. Highways 167 and 270. Located at the southern end of central Arkansas, Sheridan has been experiencing a population boom in recent years, as indicated by a 49 percent growth in population between 1990 and 2010. Located nearby this SQRL Fuel Station is The Clinton National Airport with over 263 flights per day and averaging 95,959 flights per year. Also nearby is a popular tourist destination, The Grant County Museum, hosting hundreds of visitors each year with an extensive World War II vehicle collection. Not far from the property is Saline Memorial Hospital, a 177 Bed hospital and the largest employer in Saline County, Arkansas. Several colleges and universities are also a short drive to the property including Pulaski College with 4,223 enrolled students, Southeast Arkansas College with 1,113 students and Baptist Health College with over 700 enrolled students. SQRL Fuel Stations are clean, well-lit, safe places to fill up or 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 each and every SQRL Service Station. These family-friendly, coffee shoplike convenience stores offer proprietarily sourced products interspersed with local business offerings and products. 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

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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