Auto Service - Gas-Conv
CEFCO Gas/C-Store | New Build 15-Year Abs. NNN Lease | Excellent Tenant Financials
2704 SpringHill Ave, Mobile, AL 36607
Listing Price: $6,000,000
Investment Overview
Fikes Wholesale, Inc. -- parent company of CEFCO -- is a privately held company headquartered in Temple, Texas that has been in business since the 1950s and has grown to a more than $1.6 billion company with 200+ stores and 3,000+ employees in seven states, making it among the largest privately-held convenience store chains in the United States. Mobile is the county seat of Mobile County, Alabama and is the fourth-most populous city in the state, after Huntsville, Birmingham, and Montgomery. Considered one of the Gulf Coast’s cultural centers, Mobile has several art museums, a symphony orchestra, professional opera, professional ballet company, and a large concentration of historic architecture. The city is known for having the oldest organized Carnival or Mardi Gras celebrations in the country.
CEFCO Gas/C-Store | New Build 15-Year Abs. NNN Lease | Excellent Tenant Financials
Investment Highlights
- Brand New 15 Year Absolute Triple-Net (NNN) Corporate Lease
- Guaranteed by Fikes Wholesale, Inc. with 2021 Revenue in Excess of $1.5 Billion
- 7.5 Percent Rental Increases Every Five Years
- Site Includes 16 Fueling Stations (8 Pumps) and an On-Site ATM
- Signalized Hard Corner Location Visible to 54,700+ Cars/Day at the Corner of SpringHill Avenue and Mobile Street
- 144,124 Residents and 192,054 Daytime Employees within a Five-Mile Radius
- Easy Freeway Access - Located One Mile Off the I-65 Freeway
- Within a 15-Minute Drive of Over 18,000 Students at University of South Alabama, Spring Hill College, and Bishop State Community College
Broker of Record
Financing By
Auto Service - Gas-Conv
CEFCO Gas/C-Store | New Build 15-Year Abs. NNN Lease | Excellent Tenant Financials
Listing Price: $6,000,000
Investment Highlights
- Brand New 15 Year Absolute Triple-Net (NNN) Corporate Lease
- Guaranteed by Fikes Wholesale, Inc. with 2021 Revenue in Excess of $1.5 Billion
- 7.5 Percent Rental Increases Every Five Years
- Site Includes 16 Fueling Stations (8 Pumps) and an On-Site ATM
- Signalized Hard Corner Location Visible to 54,700+ Cars/Day at the Corner of SpringHill Avenue and Mobile Street
- 144,124 Residents and 192,054 Daytime Employees within a Five-Mile Radius
- Easy Freeway Access - Located One Mile Off the I-65 Freeway
- Within a 15-Minute Drive of Over 18,000 Students at University of South Alabama, Spring Hill College, and Bishop State Community College
Investment Overview
Fikes Wholesale, Inc. -- parent company of CEFCO -- is a privately held company headquartered in Temple, Texas that has been in business since the 1950s and has grown to a more than $1.6 billion company with 200+ stores and 3,000+ employees in seven states, making it among the largest privately-held convenience store chains in the United States. Mobile is the county seat of Mobile County, Alabama and is the fourth-most populous city in the state, after Huntsville, Birmingham, and Montgomery. Considered one of the Gulf Coast’s cultural centers, Mobile has several art museums, a symphony orchestra, professional opera, professional ballet company, and a large concentration of historic architecture. The city is known for having the oldest organized Carnival or Mardi Gras celebrations in the country.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
