Auto Service - Gas-Conv
Roots Oil
1984 S Georgia Pkwy W, Waycross, GA 31503
Listing Price: $1,650,000
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Strategically located at a hard corner of 4-way signalized intersection Multiple points of ingress and egress Flat topography with strong visibility Ample parcel size of ±1.01 acres Large fueling station with 8 MPDs/16 hoses New fuel canopy, MPDs and display sign Across the street from South Georgia State College – Waycross Campus & 0.7 miles from Coastal Pine Technical College – Waycross OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 7.5% rent escalations every 5 years throughout entire lease Triple Net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership ROOTS OIL COMPANY Full-service, multi-line wholesale distributor of petroleum and related products Currently operate in 11 states (17 states by Summer 2023) GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID Current petroleum brands: 76, Valero, TA Express, Sinclair WARE COUNTY MAJOR EMPLOYERS Ware Public Schools: employs ±1,053 CSX Transportation: employs ±1,050 Memorial Satilla Health: employs ±750 Waycross is gateway to the world-famous Okefenokee Swamp 600,000 visitors annually 750+ local jobs Annual economic output of ±$65 MM
Investment Highlights
- ABS NNN LEASE | ±19.5 YRS OF TERM
- BONUS DEPRECIATION ELIGIBLE
- 7.5% RENT BUMPS EVERY 5 YRS
Exclusively Listed By
Financing By
Listing Price: $1,650,000
Investment Highlights
- ABS NNN LEASE | ±19.5 YRS OF TERM
- BONUS DEPRECIATION ELIGIBLE
- 7.5% RENT BUMPS EVERY 5 YRS
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Strategically located at a hard corner of 4-way signalized intersection Multiple points of ingress and egress Flat topography with strong visibility Ample parcel size of ±1.01 acres Large fueling station with 8 MPDs/16 hoses New fuel canopy, MPDs and display sign Across the street from South Georgia State College – Waycross Campus & 0.7 miles from Coastal Pine Technical College – Waycross OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 7.5% rent escalations every 5 years throughout entire lease Triple Net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership ROOTS OIL COMPANY Full-service, multi-line wholesale distributor of petroleum and related products Currently operate in 11 states (17 states by Summer 2023) GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID Current petroleum brands: 76, Valero, TA Express, Sinclair WARE COUNTY MAJOR EMPLOYERS Ware Public Schools: employs ±1,053 CSX Transportation: employs ±1,050 Memorial Satilla Health: employs ±750 Waycross is gateway to the world-famous Okefenokee Swamp 600,000 visitors annually 750+ local jobs Annual economic output of ±$65 MM
Exclusively Listed By
Financing By

