Auto Service - Gas-Conv
SQRL 20 Year NNN Lease 2% Annual Increases
724 E Broadway St, Fort Meade, FL 33841
Listing Price: $2,929,133
Investment Overview
Marcus & Millichap is pleased to present for sale this SQRL Service Station located at 724 East Broadway Street in Fort Meade, Florida. Fort Meade is a city in Polk County Florida with a population over 6,203. It is part of the Lakeland-Winter Haven Metropolitan Statistical Area. Mosaic Corporation developed a world class 10,000 acre golf and spa resort named Streamsong here in Fort Meade and it drives economic growth here as well as Legoland which opened in 2011. Colleges and universities nearby this SQRL Gas Station include South Florida State College with over 16,000 students and Polk State College with over 20,000 students. Numerous apartment complexes surround this property including The Villages at Laurel Meadows with 155 rented units, Charlton Court with 48 rented units, Broadway terrace Apartments and Country Home Apartments. There are also several brand new home development communities nearby this property including Wind Meadows South by Lennar, Lennar at Liberty Ridge, VillaMar by Meritage Homes, Highland Homes at VillaMar and Whispering Ridge by Maronda Homes. Also nearby is Bartow Regional Medical Center serving the area with 72 Inpatient beds. SQRL executed a brand new, absolute NNN, 20-year lease in July 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 a 120+ Unit Operating Company with a 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 drivethru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Fuel Station. These family friendly, coffee-shop-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.
SQRL 20 Year NNN Lease 2% Annual Increases
Investment Highlights
- 20 Year Absolute Net Lease | Zero Landlord Responsibilities | 2% Annual Rent Increases
- Being Remodeled as SQRL Fuel Station
- Fort Meade is Home to Streamstrong, a 10,0000 acre Golf and Spa Resort Developed by Mosaic Corporation and is a Strong Economic Driver for the Fort Meade Area
- SQRL Fuel Stations are Clean, Well-lit, Safe Places to Fill up or Grab Some Food
- Strong Corporate Guarantee Backed by 126+ Units and 70+ New Units in the Pipeline
- Qualifies for Accelerated Depreciation (Speak to Accountant for Details)
Auto Service - Gas-Conv
SQRL 20 Year NNN Lease 2% Annual Increases
Listing Price: $2,929,133
Investment Highlights
- 20 Year Absolute Net Lease | Zero Landlord Responsibilities | 2% Annual Rent Increases
- Being Remodeled as SQRL Fuel Station
- Fort Meade is Home to Streamstrong, a 10,0000 acre Golf and Spa Resort Developed by Mosaic Corporation and is a Strong Economic Driver for the Fort Meade Area
- SQRL Fuel Stations are Clean, Well-lit, Safe Places to Fill up or Grab Some Food
- Strong Corporate Guarantee Backed by 126+ Units and 70+ New Units in the Pipeline
- Qualifies for Accelerated Depreciation (Speak to Accountant for Details)
Investment Overview
Marcus & Millichap is pleased to present for sale this SQRL Service Station located at 724 East Broadway Street in Fort Meade, Florida. Fort Meade is a city in Polk County Florida with a population over 6,203. It is part of the Lakeland-Winter Haven Metropolitan Statistical Area. Mosaic Corporation developed a world class 10,000 acre golf and spa resort named Streamsong here in Fort Meade and it drives economic growth here as well as Legoland which opened in 2011. Colleges and universities nearby this SQRL Gas Station include South Florida State College with over 16,000 students and Polk State College with over 20,000 students. Numerous apartment complexes surround this property including The Villages at Laurel Meadows with 155 rented units, Charlton Court with 48 rented units, Broadway terrace Apartments and Country Home Apartments. There are also several brand new home development communities nearby this property including Wind Meadows South by Lennar, Lennar at Liberty Ridge, VillaMar by Meritage Homes, Highland Homes at VillaMar and Whispering Ridge by Maronda Homes. Also nearby is Bartow Regional Medical Center serving the area with 72 Inpatient beds. SQRL executed a brand new, absolute NNN, 20-year lease in July 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 a 120+ Unit Operating Company with a 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 drivethru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL Fuel Station. These family friendly, coffee-shop-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.
