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Auto Service - Gas-Conv

Chevron (NASDAQ: ARKO) | DFW MSA | Long-Term Abs Net Lease | Leading U.S. Convenience Store Operator

115 N Carrier Pkwy, Grand Prairie, TX 75050

Listing Price: $1,627,691

Cap Rate
5.50%
Tenant Name
Chevron
Years Remaining On Lease
14.4
Gross SF
2,050
Guarantor
Corporate Guarantee
Rentable SF
2,050
Price/Gross SF
$794.00
Lease Type
Absolute Net
Rent Per Square Feet
$43.67

Investment Overview

Leading U.S. Convenience Store Operator

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Densely Populated Area: Features more than 242k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Auto Service - Gas-Conv

Chevron (NASDAQ: ARKO) | DFW MSA | Long-Term Abs Net Lease | Leading U.S. Convenience Store Operator

Listing Price: $1,627,691

Cap Rate
5.50%
Tenant Name
Chevron
Years Remaining On Lease
14.4
Gross SF
2,050
Guarantor
Corporate Guarantee
Rentable SF
2,050
Price/Gross SF
$794.00
Lease Type
Absolute Net
Rent Per Square Feet
$43.67

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Densely Populated Area: Features more than 242k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Investment Overview

Leading U.S. Convenience Store Operator

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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