Auto Service - Gas-Conv
Gas Express Sale-Leaseback
3717 US-431, Phenix City, AL 36869
Listing Price: $4,545,500
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS - Ample parcel size of ±1.0 acres - Flat topography with strong visibility - Robust traffic counts of ±29,985 VPD along US-431 - Large fueling canopy with 6 MPDs/12 hoses - Multiple points of ingress/egress - No competing gas/c-stores within a 1-mile radius - Strategically located less than 1-mile from Chattahoochee Valley Community College (±1,568 students) OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5-year renewal options - 1.5% rent escalations every year throughout entire lease - Absolute Triple Net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership DOMINANT GAS & C-STORE OPERATOR - Expanding 200+ unit operator across 7 states › GA, LA, AR, AL, SC, NC, & TN - Currently operate 15+ units throughout Alabama - Other brands include TA Express, Circle K and Kangaroo Express - 26+ year operating history COLUMBUS, GA MSA - Comprised of six (6) counties in GA & one (1) in AL › Major employers › Fort Benning – 45,000+ employees › Annual economic impact of $4.75 B › TSYS, a Global Payments Company – 4,075+ employees › Aflac – 3,335+ employees › Ka Motors Manufacturing Georgia – 2,700+ employees
Investment Highlights
- NEW 20-YR NNN LEASE
- 1.5% ANNUAL RENT BUMPS
- BONUS DEPRECIATION ELIGIBLE
Broker of Record
Financing By
Listing Price: $4,545,500
Investment Highlights
- NEW 20-YR NNN LEASE
- 1.5% ANNUAL RENT BUMPS
- BONUS DEPRECIATION ELIGIBLE
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS - Ample parcel size of ±1.0 acres - Flat topography with strong visibility - Robust traffic counts of ±29,985 VPD along US-431 - Large fueling canopy with 6 MPDs/12 hoses - Multiple points of ingress/egress - No competing gas/c-stores within a 1-mile radius - Strategically located less than 1-mile from Chattahoochee Valley Community College (±1,568 students) OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5-year renewal options - 1.5% rent escalations every year throughout entire lease - Absolute Triple Net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership DOMINANT GAS & C-STORE OPERATOR - Expanding 200+ unit operator across 7 states › GA, LA, AR, AL, SC, NC, & TN - Currently operate 15+ units throughout Alabama - Other brands include TA Express, Circle K and Kangaroo Express - 26+ year operating history COLUMBUS, GA MSA - Comprised of six (6) counties in GA & one (1) in AL › Major employers › Fort Benning – 45,000+ employees › Annual economic impact of $4.75 B › TSYS, a Global Payments Company – 4,075+ employees › Aflac – 3,335+ employees › Ka Motors Manufacturing Georgia – 2,700+ employees
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
Financing By

