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Auto Service - Gas-Conv

Roots Oil

1984 S Georgia Pkwy W, Waycross, GA 31503

Listing Price: $1,650,000

Cap Rate
6.00%
Tenant Name
Roots Oil
Years Remaining On Lease
19.5
Gross SF
2,404
Guarantor
Personal Guarantee
Rentable SF
2,404
Price/Gross SF
$686.36
Lease Type
Absolute Net
Rent Per Square Feet
$41.18

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

Auto Service - Gas-Conv

Roots Oil

Listing Price: $1,650,000

Cap Rate
6.00%
Tenant Name
Roots Oil
Years Remaining On Lease
19.5
Gross SF
2,404
Guarantor
Personal Guarantee
Rentable SF
2,404
Price/Gross SF
$686.36
Lease Type
Absolute Net
Rent Per Square Feet
$41.18

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

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