Auto Service - Gas-Conv
Absolute Net Pilot Travel Center
16502 IN-63, Covington, IN 47932
Listing Price: $13,200,000
Investment Overview
Subject is a 17,349 Square-Foot Pilot Travel Center on a
9.19-Acre Lot with Ample Parking, Pylon Signage, and Easy
Ingress/Egress.
Pilot Travel Centers is Corporate Guaranteed by Berkshire
Hathaway, and Carries a BBB+ Credit Rating with S&P and
Baa3 Rating from Moody’s | The Lease has Just Under 17
Years Remaining with 4 x 5-Year Options.
Absolute Net Pilot Travel Center
Investment Highlights
- Robust Traffic Counts on US-74 (20k VPD) (Source: CoStar, PDOT 2025)
- Well Established Long-Term Tenant Pilot Has Been at the Location Since 1996 | Recently Renovated in 2022 and Renewed the Lease for Another 20 Years | The Location Also Features an Arby's and Dunkin
- Affluent Area with an Average Household Income of Over $80K within Two Miles of the Subject Asset, as of 2024
- Parks and Outdoor Recreational Facilities Nearby Include: Rivercrest Golf Club, Harrison Park Golf Course, Wolf Creek Golf Club, Danville Country Club, Winter Park, Kickapoo State Rec Area, Middle Fork Woods Nature Preserve, Lake Vermillion, and More
- Subject is 8 Miles from the Danville Illinois MSA with a Population of 70k
Exclusively Listed By
Broker of Record
Listing Price: $13,200,000
Investment Highlights
- Robust Traffic Counts on US-74 (20k VPD) (Source: CoStar, PDOT 2025)
- Well Established Long-Term Tenant Pilot Has Been at the Location Since 1996 | Recently Renovated in 2022 and Renewed the Lease for Another 20 Years | The Location Also Features an Arby's and Dunkin
- Affluent Area with an Average Household Income of Over $80K within Two Miles of the Subject Asset, as of 2024
- Parks and Outdoor Recreational Facilities Nearby Include: Rivercrest Golf Club, Harrison Park Golf Course, Wolf Creek Golf Club, Danville Country Club, Winter Park, Kickapoo State Rec Area, Middle Fork Woods Nature Preserve, Lake Vermillion, and More
- Subject is 8 Miles from the Danville Illinois MSA with a Population of 70k
Investment Overview
Subject is a 17,349 Square-Foot Pilot Travel Center on a 9.19-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. Pilot Travel Centers is Corporate Guaranteed by Berkshire Hathaway, and Carries a BBB+ Credit Rating with S&P and Baa3 Rating from Moody’s | The Lease has Just Under 17 Years Remaining with 4 x 5-Year Options.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
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