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Auto Service - Gas-Conv

Valero Gas Station & C-Store

3975 US-82, Leland, MS 38756

Listing Price: $850,000

Cap Rate
8.00%
Tenant Name
Re-Up
Years Remaining On Lease
16.7
Gross SF
3,375
Guarantor
Corporate Guarantee
Rentable SF
3,375
Price/Gross SF
$251.85
Lease Type
Absolute Net
Rent Per Square Feet
$20.15

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Valero Gas Station & C-Store in Leland, MS. The property consists of a 3,375-square-foot, freestanding building that sits on approximately 2.85 acres of land. There are 14.7 years remaining on the lease with two rental increases every 4 years.

Investment Highlights

  • New 15-Year Absolute Net Lease with Two Percent Annual Rental Escalations Starting in Year Four
  • Excellent Access and Visibility on Highway 82, Where Traffic Counts Exceed 19,162 Vehicles per Day
  • Large 2.85 Acre Parcel with Ample Parking and Multiple Access Points
  • Recent Remodel and Updated Branding in 2024
  • Surrounding Retailers in the Area Include Walmart Supercenter, Lowe's, McDonald's, Subway, Chick-fil-A, Wendy's and More

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Auto Service - Gas-Conv

Valero Gas Station & C-Store

Listing Price: $850,000

Cap Rate
8.00%
Tenant Name
Re-Up
Years Remaining On Lease
16.7
Gross SF
3,375
Guarantor
Corporate Guarantee
Rentable SF
3,375
Price/Gross SF
$251.85
Lease Type
Absolute Net
Rent Per Square Feet
$20.15

Investment Highlights

  • New 15-Year Absolute Net Lease with Two Percent Annual Rental Escalations Starting in Year Four
  • Excellent Access and Visibility on Highway 82, Where Traffic Counts Exceed 19,162 Vehicles per Day
  • Large 2.85 Acre Parcel with Ample Parking and Multiple Access Points
  • Recent Remodel and Updated Branding in 2024
  • Surrounding Retailers in the Area Include Walmart Supercenter, Lowe's, McDonald's, Subway, Chick-fil-A, Wendy's and More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Valero Gas Station & C-Store in Leland, MS. The property consists of a 3,375-square-foot, freestanding building that sits on approximately 2.85 acres of land. There are 14.7 years remaining on the lease with two rental increases every 4 years.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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