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Auto Service - Gas-Conv

Shell Gas Station | 15 Years Remain | Washington, D.C. MSA | Benefits of Depreciation

5021 Lee Hwy, Warrenton, VA 20187

Listing Price: $6,000,000

Cap Rate
5.75%
Tenant Name
Shell
Guarantor
Franchisee Guarantee
Rentable SF
5,208
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.24

Investment Overview

The Tenant, Opal Oil, is subject to a new 15-year absolute NNN lease that will commence upon close of escrow. The lease features 10 percent rental increases every five years during the base term and two, five-year renewal options, and zero landlord responsibilities. They have operated in this location since 2017 and report healthy operating metric with and an average of 1.58 million gallons of gasoline sold over the last 3 years.

Investment Highlights

  • New 15-Year NNN Lease at COE; 10 Percent Increases Every Five Years
  • Prominent High Traffic Location (49,287 VPD)
  • Affluent, Growing DC Metro; County Seat Location

Exclusively Listed By

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Shell Gas Station | 15 Years Remain | Washington, D.C. MSA | Benefits of Depreciation

Listing Price: $6,000,000

Cap Rate
5.75%
Tenant Name
Shell
Guarantor
Franchisee Guarantee
Rentable SF
5,208
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.24

Investment Highlights

  • New 15-Year NNN Lease at COE; 10 Percent Increases Every Five Years
  • Prominent High Traffic Location (49,287 VPD)
  • Affluent, Growing DC Metro; County Seat Location

Investment Overview

The Tenant, Opal Oil, is subject to a new 15-year absolute NNN lease that will commence upon close of escrow. The lease features 10 percent rental increases every five years during the base term and two, five-year renewal options, and zero landlord responsibilities. They have operated in this location since 2017 and report healthy operating metric with and an average of 1.58 million gallons of gasoline sold over the last 3 years.

Exclusively Listed By

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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