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Auto Service - Gas-Conv

SQRL | 20 Year | Absolut NNN | 2% Annual Bumps

709 S Broad St, Brooksville, FL 34601

Listing Price: $3,117,169

Cap Rate
5.90%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Absolute Net
Rent Per Square Feet
$91.96

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant SQRL Fuel Station located at 709 S Broad Street in Brooksville, Florida. The subject property consists of a free-standing building comprised of 2,000 square feet of retail space, a single row canopy with two fueling stations, four pumps, and ample parking on a large .52-acre parcel of land. Strategically fronting U.S Highway 41, a major North-South throughfare, the property benefits from visibility to more than 30,778 vehicles per day. The property is well positioned along the area’s major traffic and central corridor while benefiting from easy access and its incredible visibility. The area is also home to a number of National and Regional Retailers including but not limited to Family Dollar, Advance Auto Parts, Checkers, Dollar General, McDonald’s, 7-Eleven, Wendy’s, Wawa, Winn Dixie, Walgreens, and numerous others. SQRL executed a brand new, absolute NNN, 20-year lease in November 2022 and will soon renovate the site as a SQRL Fuel Station. The corporate guaranteed lease offers attractive 2 percent annual increases and four 5-year Options to renew. The lease is backed by an 126-unit operating entity, doing $100 million in revenue and $20 million EBITDAR, plus a $120 million personal guarantee. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70 units in its development pipeline. SQRL fuel stations are clean, well lit, safe places to fill up or grab some food. The stations will offer full service at the pump and inside, along with drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Fuel Station. These family friendly, coffeeshop- like convenience stores offer products sourced from local businesses, and focus on sustainability and environmentally conscious buildings which may include the use of LEED Certified materials and intermodal or shipping containers. Customers can enjoy a smoothie at the juice bar, or treat the entire family to some local ice cream while fueling their vehicle outside.

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • Located on Busy Retail Corridor with 30,778 VPD
  • Outparcel to Family Dollar Anchored Shopping Center
  • Fast Growing Operator with 70 New Units in Pipeline
  • Healthy Fuel Volume & Inside C-Store Sales
  • Qualified for Accelerated Depreciation
  • Florida is an Income Tax-Free State

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

SQRL | 20 Year | Absolut NNN | 2% Annual Bumps

Listing Price: $3,117,169

Cap Rate
5.90%
Tenant Name
SQRL Fuel
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Absolute Net
Rent Per Square Feet
$91.96

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • Located on Busy Retail Corridor with 30,778 VPD
  • Outparcel to Family Dollar Anchored Shopping Center
  • Fast Growing Operator with 70 New Units in Pipeline
  • Healthy Fuel Volume & Inside C-Store Sales
  • Qualified for Accelerated Depreciation
  • Florida is an Income Tax-Free State

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant SQRL Fuel Station located at 709 S Broad Street in Brooksville, Florida. The subject property consists of a free-standing building comprised of 2,000 square feet of retail space, a single row canopy with two fueling stations, four pumps, and ample parking on a large .52-acre parcel of land. Strategically fronting U.S Highway 41, a major North-South throughfare, the property benefits from visibility to more than 30,778 vehicles per day. The property is well positioned along the area’s major traffic and central corridor while benefiting from easy access and its incredible visibility. The area is also home to a number of National and Regional Retailers including but not limited to Family Dollar, Advance Auto Parts, Checkers, Dollar General, McDonald’s, 7-Eleven, Wendy’s, Wawa, Winn Dixie, Walgreens, and numerous others. SQRL executed a brand new, absolute NNN, 20-year lease in November 2022 and will soon renovate the site as a SQRL Fuel Station. The corporate guaranteed lease offers attractive 2 percent annual increases and four 5-year Options to renew. The lease is backed by an 126-unit operating entity, doing $100 million in revenue and $20 million EBITDAR, plus a $120 million personal guarantee. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70 units in its development pipeline. SQRL fuel stations are clean, well lit, safe places to fill up or grab some food. The stations will offer full service at the pump and inside, along with drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Fuel Station. These family friendly, coffeeshop- like convenience stores offer products sourced from local businesses, and focus on sustainability and environmentally conscious buildings which may include the use of LEED Certified materials and intermodal or shipping containers. Customers can enjoy a smoothie at the juice bar, or treat the entire family to some local ice cream while fueling their vehicle outside.

Exclusively Listed By

Financing By

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