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
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.
Auto Service - Gas-Conv
Shell Gas Station | 15 Years Remain | Washington, D.C. MSA | Benefits of Depreciation
Listing Price: $6,000,000
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.
