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Auto Service - Gas-Conv

BP C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases

4290 Hwy 17, Ernul, NC 28527

Listing Price: $885,214

Cap Rate
7.00%
Tenant Name
BP
Years Remaining On Lease
20.1
Gross SF
2,302
Guarantor
Corporate Guarantee
Rentable SF
2,302
Price/Gross SF
$384.54
Lease Type
Absolute Net
Rent Per Square Feet
$26.92

Investment Overview

BP 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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Service - Gas-Conv

BP C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases

Listing Price: $885,214

Cap Rate
7.00%
Tenant Name
BP
Years Remaining On Lease
20.1
Gross SF
2,302
Guarantor
Corporate Guarantee
Rentable SF
2,302
Price/Gross SF
$384.54
Lease Type
Absolute Net
Rent Per Square Feet
$26.92

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

BP C-Store & Gas | Bonus Depreciation - Year End Close | 20 Yr Abs. NNN Lease w/ Annual Increases

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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