Auto Service - Gas-Conv
Exxon C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases
1509 S Glenburnie Rd, New Bern, NC 28562
Listing Price: $2,302,418
Investment Overview
New Bern, North Carolina, situated at the confluence of the Neuse and Trent rivers, is a charming and historic city that boasts a rich tapestry of colonial heritage and Southern hospitality. Founded in 1710 by Swiss and German immigrants, it served as the colonial capital of North Carolina and witnessed significant events during the American Revolution. The city's historic district, with its well-preserved architecture, cobblestone streets, and colorful houses, invites visitors to step back in time. Notable landmarks include Tryon Palace, a meticulously reconstructed governor's mansion, and the historic Christ Church. The waterfront, lined with quaint shops and restaurants, adds to the city's allure. Beyond its historical significance, New Bern offers outdoor enthusiasts opportunities for boating, fishing, and exploring nearby Croatan National Forest. The city's vibrant cultural scene, friendly community, and scenic beauty make it a compelling destination for both history buffs and those seeking a relaxed Southern atmosphere.
Exxon C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases
Investment Highlights
- 20 Year Absolute Net Sale Leaseback Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
- Highly Experienced Operator w/ 42 units will do Business as Pops Mart Fuels LLC. The Company is committed to grow the Chain into a Regional Company by Expanding the Brand throughout the Southeast US.
- Substantially Below Replacement Cost. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
- Prime Location in Growing Southeast Metro Market. Situated in Hard Corner Location - Feature Easy Access and Excellent Visibility along Major Thoroughfare.
Auto Service - Gas-Conv
Exxon C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases
Listing Price: $2,302,418
Investment Highlights
- 20 Year Absolute Net Sale Leaseback Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
- Highly Experienced Operator w/ 42 units will do Business as Pops Mart Fuels LLC. The Company is committed to grow the Chain into a Regional Company by Expanding the Brand throughout the Southeast US.
- Substantially Below Replacement Cost. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- 80% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
- Prime Location in Growing Southeast Metro Market. Situated in Hard Corner Location - Feature Easy Access and Excellent Visibility along Major Thoroughfare.
Investment Overview
New Bern, North Carolina, situated at the confluence of the Neuse and Trent rivers, is a charming and historic city that boasts a rich tapestry of colonial heritage and Southern hospitality. Founded in 1710 by Swiss and German immigrants, it served as the colonial capital of North Carolina and witnessed significant events during the American Revolution. The city's historic district, with its well-preserved architecture, cobblestone streets, and colorful houses, invites visitors to step back in time. Notable landmarks include Tryon Palace, a meticulously reconstructed governor's mansion, and the historic Christ Church. The waterfront, lined with quaint shops and restaurants, adds to the city's allure. Beyond its historical significance, New Bern offers outdoor enthusiasts opportunities for boating, fishing, and exploring nearby Croatan National Forest. The city's vibrant cultural scene, friendly community, and scenic beauty make it a compelling destination for both history buffs and those seeking a relaxed Southern atmosphere.
