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Auto Service - Gas-Conv

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

1026 2nd Ave, Sibley, IA 51249

Listing Price: $1,756,100

Cap Rate
6.15%
Tenant Name
MEX-RE-NW-IA LLC
Years Remaining On Lease
19.7
Gross SF
2,389
Guarantor
Corporate Guarantee
Rentable SF
2,389
Price/Gross SF
$735.08
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.21

Investment Overview

Marcus and Millichap is proud to present for sale, Mountain Express Gas Station in Sibley, 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. Mountain Express offers a variety of services for the supply of wholesale petroleum, including financial lending, environmental management, expansion opportunities, brand alignment, and equipment financing. In 2021, Mountain Express was featured as one of CStore Decisions magazine’s 2021 Chains to Watch. Mountain Express was also named as a 2021 honoree by ACG for the Higher Middle Market award.

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
  • Signalized Hard Corner Location
  • Down the Road from Downtown Sibley and the Osceola County Fairgrounds
  • Average Household Income Exceeds $78,000 Within a Five-Mile Radius
  • One Mile Off State Highway 60, Providing Direct Access to Minnesota to the North and to Sioux City, Iowa to the South
  • Located Within a Five-Minute Drive of Osceola Regional Health Center, Sibley-Ocheyedan High School, and Sibley Golf Course & Country Club

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
19.7
Gross SF
2,389
Guarantor
Corporate Guarantee
Rentable SF
2,389
Price/Gross SF
$735.08
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.21

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
  • Signalized Hard Corner Location
  • Down the Road from Downtown Sibley and the Osceola County Fairgrounds
  • Average Household Income Exceeds $78,000 Within a Five-Mile Radius
  • One Mile Off State Highway 60, Providing Direct Access to Minnesota to the North and to Sioux City, Iowa to the South
  • Located Within a Five-Minute Drive of Osceola Regional Health Center, Sibley-Ocheyedan High School, and Sibley Golf Course & Country Club

Investment Overview

Marcus and Millichap is proud to present for sale, Mountain Express Gas Station in Sibley, 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. Mountain Express offers a variety of services for the supply of wholesale petroleum, including financial lending, environmental management, expansion opportunities, brand alignment, and equipment financing. In 2021, Mountain Express was featured as one of CStore Decisions magazine’s 2021 Chains to Watch. Mountain Express was also named as a 2021 honoree by ACG for the Higher Middle Market award.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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