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Auto Service - Gas-Conv

TA Express (Rare Full-Service Truck Stop)

3000 Kia Blvd, West Point, GA 31833

Listing Price: $14,732,000

Cap Rate
5.00%
Tenant Name
Gas Express, LLC d/b/a TA Express
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
7,428
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$99.17

Investment Overview

FUNDAMENTAL LOCATION, VISIBILITY & ACCESS - Rare investment opportunity - Strategically located directly off Interstate-85 - Located along Kia Parkway and in front of KIA West Point Assembly Plant › All trucks must pass this site to enter/exit the plant - Flat topography with phenomenal visibility - Multiple points of ingress and egress with curb cuts along Kia Blvd & Kia Pkwy ABOUT THE UNIT - ‘Mini Pumper’ unit on a large 5.5-acre parcel - Large footprint design to facilitate high volume/cash cow location - Fueling options: biodiesel blend, DEF island fueling, diesel, unleaded gasoline › Separate diesel canopy for 18-wheelers and designed truck parking with 6 dispensers - On-site amenities include: deli, Champs Chicken restaurant, game room, CAT scale, driver lounge, DirecTV/NFL Sunday Ticket, RFID pump start, travel store, showers, etc. OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5 year renewal options - Annual rent escalations of 1.25% throughout entire lease - Triple Net (NNN) lease with NO landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Gas Express, LLC › Expanding ±100-unit gas/c-store operator across 4 states (AR, AL, GA, LA) › 26+ year operating history - TravelCenters of America › 50+ year operating history › 270 full-service TravelCenters › Publicly traded on NASDAQ (‘TA’) › $640 MM net worth (+12.17% increase from 2019) › Total revenue of $4.846 B in 2020

Investment Highlights

  • Rare investment opportunity
  • Strategically located directly off Interstate-85
  • Located along Kia Parkway and in front of KIA West Point Assembly Plant (All trucks must pass this site to enter/exit the plant)
  • Triple Net (NNN) lease with NO landlord responsibilities
  • Annual rent escalations of 1.25% throughout entire lease
  • 'Mini Pumper' unit on a large 5.5-acre parcel

Exclusively Listed By

Auto Service - Gas-Conv

TA Express (Rare Full-Service Truck Stop)

Listing Price: $14,732,000

Cap Rate
5.00%
Tenant Name
Gas Express, LLC d/b/a TA Express
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
7,428
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$99.17

Investment Highlights

  • Rare investment opportunity
  • Strategically located directly off Interstate-85
  • Located along Kia Parkway and in front of KIA West Point Assembly Plant (All trucks must pass this site to enter/exit the plant)
  • Triple Net (NNN) lease with NO landlord responsibilities
  • Annual rent escalations of 1.25% throughout entire lease
  • 'Mini Pumper' unit on a large 5.5-acre parcel

Investment Overview

FUNDAMENTAL LOCATION, VISIBILITY & ACCESS - Rare investment opportunity - Strategically located directly off Interstate-85 - Located along Kia Parkway and in front of KIA West Point Assembly Plant › All trucks must pass this site to enter/exit the plant - Flat topography with phenomenal visibility - Multiple points of ingress and egress with curb cuts along Kia Blvd & Kia Pkwy ABOUT THE UNIT - ‘Mini Pumper’ unit on a large 5.5-acre parcel - Large footprint design to facilitate high volume/cash cow location - Fueling options: biodiesel blend, DEF island fueling, diesel, unleaded gasoline › Separate diesel canopy for 18-wheelers and designed truck parking with 6 dispensers - On-site amenities include: deli, Champs Chicken restaurant, game room, CAT scale, driver lounge, DirecTV/NFL Sunday Ticket, RFID pump start, travel store, showers, etc. OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5 year renewal options - Annual rent escalations of 1.25% throughout entire lease - Triple Net (NNN) lease with NO landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE FRANCHISEE & DOMINANT BRAND - Gas Express, LLC › Expanding ±100-unit gas/c-store operator across 4 states (AR, AL, GA, LA) › 26+ year operating history - TravelCenters of America › 50+ year operating history › 270 full-service TravelCenters › Publicly traded on NASDAQ (‘TA’) › $640 MM net worth (+12.17% increase from 2019) › Total revenue of $4.846 B in 2020

Exclusively Listed By

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