Skip to main content

Auto Service - Gas-Conv

Neighborhood Market Gas & C-Store

1179 Eisenhower Pkwy, Macon, GA 31206

Listing Price: $3,820,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.33

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Strategically located directly off Interstate-75 (±65,300 VPD) › 1st gas/c-store off the interstate - Limited competition in the immediate trade area - Flat topography with strong visibility - Multiple points of ingress/egress - Fully remodeled gas & c-store - Highly dense surrounding area › Daytime population: ±11,342 (1-mi); ±73,733 (3-mi); ±116,706 (5-mi) › Permanent population: ±8,855 (1-mi); ±48,579 (3-mi); ±86,179 (5-mi) - Strong traffic counts along Eisenhower Parkway of ±19,600 VPD OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5 year renewal options - 10% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE GAS & C-STORE OPERATOR - Expanding 100+ unit operator across 4 states (AR, AL, GA, LA) › Currently operate 50+ locations throughout Georgia - Other brands include TA Express, Circle K and Kangaroo Express - 26+ year operating history

Investment Highlights

  • Strategically located directly off Interstate-75 (±65,300 VPD)
  • Limited competition in the immediate trade area
  • Fully remodeled gas & c-store
  • Triple Net (NNN) lease with no landlord responsibilities
  • Expanding 100+ unit operator across 4 states (AR, AL, GA, LA)

Exclusively Listed By

Auto Service - Gas-Conv

Neighborhood Market Gas & C-Store

Listing Price: $3,820,000

Cap Rate
5.50%
Tenant Name
Gas Express, LLC
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.33

Investment Highlights

  • Strategically located directly off Interstate-75 (±65,300 VPD)
  • Limited competition in the immediate trade area
  • Fully remodeled gas & c-store
  • Triple Net (NNN) lease with no landlord responsibilities
  • Expanding 100+ unit operator across 4 states (AR, AL, GA, LA)

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Strategically located directly off Interstate-75 (±65,300 VPD) › 1st gas/c-store off the interstate - Limited competition in the immediate trade area - Flat topography with strong visibility - Multiple points of ingress/egress - Fully remodeled gas & c-store - Highly dense surrounding area › Daytime population: ±11,342 (1-mi); ±73,733 (3-mi); ±116,706 (5-mi) › Permanent population: ±8,855 (1-mi); ±48,579 (3-mi); ±86,179 (5-mi) - Strong traffic counts along Eisenhower Parkway of ±19,600 VPD OPTIMAL LEASE STRUCTURE - Rare 20-year base term - Four (4), 5 year renewal options - 10% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Tax advantages with accelerated depreciation due to fee simple ownership LARGE GAS & C-STORE OPERATOR - Expanding 100+ unit operator across 4 states (AR, AL, GA, LA) › Currently operate 50+ locations throughout Georgia - Other brands include TA Express, Circle K and Kangaroo Express - 26+ year operating history

Exclusively Listed By

MM Texture Background
MM Textured Background Lower