Auto Service - Gas-Conv
Express Lane (CrossAmerica Partners) | Panama City Beach, FL
804 Thomas Dr, Panama City, FL 32408
Listing Price: $910,000
Investment Overview
LEASE
- NNN - No Landlord Responsibilities
- 3.2 Years Remaining on the Base Term
- $500 per month rental increases in the options
- Very low rent of $66,000 / annually
OPARATING HISTORY / RECENT 5-YEAR EXTENSION
- The tenant has successfully operated at this location for over 30+ years!
- The tenant recently exercised their 5-year option, showing continued commitment to the site
LOCATION HIGHLIGHTS
- The subject property is located on Thomas Drive, which sees 27,000 cars per day
- Signalized intersection with good access
- Extremely busy location!
CROSSAMERICA PARTNERS / EXPRESS LANE
- CrossAmerica Partners (NYSE: CAPL) acquired Express Lane Inc. in December of 2012
- CrossAmerica Partners distributes branded and unbranded petroleum to approximately 1,800 locations and owns or leases approximately 1,100 sites
- CrossAmerica Partners has a market cap of $770M+
Express Lane (CrossAmerica Partners) | Panama City Beach, FL
Investment Highlights
- - LEASE: - NNN - No Landlord Responsibilities - 3.2 Years Remaining on the Base Term - $500 per month rental increases in the options - Very low rent of $66,000 / annually
- - The tenant has successfully operated at this location for over 30+ years! - The tenant recently exercised their 5-year option, showing continued commitment to the site
- - The subject property is located on Thomas Drive, which sees 27,000 cars per day - Signalized intersection with good access - Extremely busy location!
Exclusively Listed By
Financing By
Auto Service - Gas-Conv
Express Lane (CrossAmerica Partners) | Panama City Beach, FL
Listing Price: $910,000
Investment Highlights
- - LEASE: - NNN - No Landlord Responsibilities - 3.2 Years Remaining on the Base Term - $500 per month rental increases in the options - Very low rent of $66,000 / annually
- - The tenant has successfully operated at this location for over 30+ years! - The tenant recently exercised their 5-year option, showing continued commitment to the site
- - The subject property is located on Thomas Drive, which sees 27,000 cars per day - Signalized intersection with good access - Extremely busy location!
Investment Overview
LEASE - NNN - No Landlord Responsibilities - 3.2 Years Remaining on the Base Term - $500 per month rental increases in the options - Very low rent of $66,000 / annually OPARATING HISTORY / RECENT 5-YEAR EXTENSION - The tenant has successfully operated at this location for over 30+ years! - The tenant recently exercised their 5-year option, showing continued commitment to the site LOCATION HIGHLIGHTS - The subject property is located on Thomas Drive, which sees 27,000 cars per day - Signalized intersection with good access - Extremely busy location! CROSSAMERICA PARTNERS / EXPRESS LANE - CrossAmerica Partners (NYSE: CAPL) acquired Express Lane Inc. in December of 2012 - CrossAmerica Partners distributes branded and unbranded petroleum to approximately 1,800 locations and owns or leases approximately 1,100 sites - CrossAmerica Partners has a market cap of $770M+
Exclusively Listed By
Financing By
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