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Auto Service - Gas-Conv

Maverik (Kum & Go)

2885 E Chestnut Expressway, Springfield, MO 65802

Listing Price: $5,394,545

Cap Rate
5.50%
Tenant Name
Maverik
Years Remaining On Lease
12.4
Gross SF
6,217
Guarantor
Corporate Guarantee
Rentable SF
6,217
Price/Gross SF
$867.71
Lease Type
Absolute Net
Rent Per Square Feet
$47.72

Investment Overview

Marcus & Millichap is pleased to present a rare opportunity to acquire a corporate-guaranteed, absolute NNN leased Maverik gas station and convenience store located at 2885 E Chestnut Expressway, a major commercial corridor in Springfield, Missouri. Built in 2017, this modern, high-performing asset is strategically positioned on a 1.23-acre parcel with excellent visibility and access along one of the city’s
busiest thoroughfares.

The property is leased to Maverik, Inc., one of the fastest-growing fuel and convenience store brands in the western U.S., under a long-term absolute NNN lease with 12 years remaining and 7.5 percent rent escalations every five years. The lease includes a corporate guarantee and four five-year renewal options, offering investors a secure and growing income stream through December 1, 2037.

The Maverik Gas Station at 2885 E Chestnut Expressway is a high-quality, income-producing asset backed by a strong corporate tenant and located in a growing regional market. With a long-term lease, built-in rent escalations, and zero landlord obligations, this property is ideal for investors seeking stable, passive income with future upside potential in a bonus depreciation eligible asset.

Investment Highlights

  • Qualifies for 100% Bonus Depreciation in the First year
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee
  • 12 Years Remaining with Four Five-Year Renewal Options
  • 7.5 Percent Rent Increases Every Five Years
  • Located Along a Major Commercial Corridor with Strong Daily Vehicle Counts

Exclusively Listed By

Broker of Record

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Auto Service - Gas-Conv

Maverik (Kum & Go)

Listing Price: $5,394,545

Cap Rate
5.50%
Tenant Name
Maverik
Years Remaining On Lease
12.4
Gross SF
6,217
Guarantor
Corporate Guarantee
Rentable SF
6,217
Price/Gross SF
$867.71
Lease Type
Absolute Net
Rent Per Square Feet
$47.72

Investment Highlights

  • Qualifies for 100% Bonus Depreciation in the First year
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee
  • 12 Years Remaining with Four Five-Year Renewal Options
  • 7.5 Percent Rent Increases Every Five Years
  • Located Along a Major Commercial Corridor with Strong Daily Vehicle Counts

Investment Overview

Marcus & Millichap is pleased to present a rare opportunity to acquire a corporate-guaranteed, absolute NNN leased Maverik gas station and convenience store located at 2885 E Chestnut Expressway, a major commercial corridor in Springfield, Missouri. Built in 2017, this modern, high-performing asset is strategically positioned on a 1.23-acre parcel with excellent visibility and access along one of the city’s busiest thoroughfares. The property is leased to Maverik, Inc., one of the fastest-growing fuel and convenience store brands in the western U.S., under a long-term absolute NNN lease with 12 years remaining and 7.5 percent rent escalations every five years. The lease includes a corporate guarantee and four five-year renewal options, offering investors a secure and growing income stream through December 1, 2037. The Maverik Gas Station at 2885 E Chestnut Expressway is a high-quality, income-producing asset backed by a strong corporate tenant and located in a growing regional market. With a long-term lease, built-in rent escalations, and zero landlord obligations, this property is ideal for investors seeking stable, passive income with future upside potential in a bonus depreciation eligible asset.

Exclusively Listed By

Broker of Record

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

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