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Auto Service - Gas-Conv

Mountain Express Gas Station | New 20-Yr Abs. NNN Lease | Excellent Unit Financials

2401 Main St, Emmetsburg, IA 50536

Listing Price: $1,756,100

Cap Rate
6.15%
Tenant Name
MEX-RE-NW-IA LLC
Years Remaining On Lease
19.8
Gross SF
2,520
Guarantor
Corporate Guarantee
Rentable SF
2,520
Price/Gross SF
$696.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.86

Investment Overview

Marcus and Millichap is proud to present for sale, Mountain Express Gas Station in Emmetsburg, Iowa. Founded in 2000 and based in Acworth, Georgia, Mountain Express Oil Company operates over 200 gas stations and provides fuel to over 600 stations across the United States under several major oil and regional fuel brands. With a geographic footprint covering 19 states, Mountain Express has relationships with major fuel brands including ExxonMobil, BP, Shell, Chevron, Texaco, Sunoco, Valero, Marathon, Arco, and Phillips 66. Emmetsburg is a city in Palo Alto County in the northwest corner of Iowa. Home to nearly 4,000 residents and located at the intersection of Highways 4 and 18, Emmetsburg offers small town charm with easy access to neighboring cities.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant Operates Over 200 Gas Stations and Provides Fuel to Over 600 Gas Stations in 19 States
  • Two Percent Annual Rental Increases Every Five Years
  • Situated Along Emmetsburg's Primary Thoroughfare with 8,700 Cars per Day
  • Central Location in Close Proximity to Emmetsburg High School, Palo Alto County Hospital, Iowa Lakes Community College, and Wild Rose Casino & Hotel
  • Average Household Income Exceeds $73,000 Within a Five-Mile Radius
  • Surrounded by National Retailers - Casey's, A&W Restaurant, Dollar General, Pizza Hut, and Dairy Queen
  • Easy Access to Five Island Lake, a Popular Tourist Destination

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Auto Service - Gas-Conv

Mountain Express Gas Station | New 20-Yr Abs. NNN Lease | Excellent Unit Financials

Listing Price: $1,756,100

Cap Rate
6.15%
Tenant Name
MEX-RE-NW-IA LLC
Years Remaining On Lease
19.8
Gross SF
2,520
Guarantor
Corporate Guarantee
Rentable SF
2,520
Price/Gross SF
$696.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.86

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant Operates Over 200 Gas Stations and Provides Fuel to Over 600 Gas Stations in 19 States
  • Two Percent Annual Rental Increases Every Five Years
  • Situated Along Emmetsburg's Primary Thoroughfare with 8,700 Cars per Day
  • Central Location in Close Proximity to Emmetsburg High School, Palo Alto County Hospital, Iowa Lakes Community College, and Wild Rose Casino & Hotel
  • Average Household Income Exceeds $73,000 Within a Five-Mile Radius
  • Surrounded by National Retailers - Casey's, A&W Restaurant, Dollar General, Pizza Hut, and Dairy Queen
  • Easy Access to Five Island Lake, a Popular Tourist Destination

Investment Overview

Marcus and Millichap is proud to present for sale, Mountain Express Gas Station in Emmetsburg, Iowa. Founded in 2000 and based in Acworth, Georgia, Mountain Express Oil Company operates over 200 gas stations and provides fuel to over 600 stations across the United States under several major oil and regional fuel brands. With a geographic footprint covering 19 states, Mountain Express has relationships with major fuel brands including ExxonMobil, BP, Shell, Chevron, Texaco, Sunoco, Valero, Marathon, Arco, and Phillips 66. Emmetsburg is a city in Palo Alto County in the northwest corner of Iowa. Home to nearly 4,000 residents and located at the intersection of Highways 4 and 18, Emmetsburg offers small town charm with easy access to neighboring cities.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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