Auto Service - Gas-Conv
BP
2625 Alexandria Pike, Highland Heights, KY 41076
Listing Price: $5,233,528
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for an BP Gas Station & Convenience Store located at 2625 Alexandria Pike in Highland Heights, Kentucky. The site consists of roughly 2,578 rentable square feet of building space on estimated 1.01-acre parcel of land. BP Gas Station is subject to an original 20-year absolute triple-net (NNN) lease, which commenced November 17th, 2010. The current annual rent is $321,862 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
Listing Price: $5,233,528
Investment Highlights
- 8-Years Remaining on an Original 20-Year Triple-Net (NNN) Lease
- Attractive 2% Annual Rental Increases
- Corporate Guarantee from CrossAmericaPartners LP
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for an BP Gas Station & Convenience Store located at 2625 Alexandria Pike in Highland Heights, Kentucky. The site consists of roughly 2,578 rentable square feet of building space on estimated 1.01-acre parcel of land. BP Gas Station is subject to an original 20-year absolute triple-net (NNN) lease, which commenced November 17th, 2010. The current annual rent is $321,862 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
