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Auto Service - Gas-Conv

Gas Express Sale-Leaseback

3717 US-431, Phenix City, AL 36869

Listing Price: $4,545,500

Cap Rate
5.50%
Tenant Name
Gas Express
Gross SF
2,018
Guarantor
Franchisee Guarantee
Rentable SF
2,018
Price/Gross SF
$2,252.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$123.89

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Gas Express Sale-Leaseback

Listing Price: $4,545,500

Cap Rate
5.50%
Tenant Name
Gas Express
Gross SF
2,018
Guarantor
Franchisee Guarantee
Rentable SF
2,018
Price/Gross SF
$2,252.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$123.89

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

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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