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Auto Service - Gas-Conv

Shell Fuel Station & C-Store

1803 IL-1, Marshall, IL 62441

Listing Price: $3,000,000

Cap Rate
6.00%
Tenant Name
Shell, Arby's
Guarantor
Personal Guarantee
Rentable SF
5,784
Lease Type
Absolute Net
Rent Per Square Feet
$31.12

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in this recently renovated, 5,784 square-foot Shell Fuel Station & C-Store, leased to and guaranteed by a well-established regional fuel station operator. The Property also features Arby's as a sub-tenant with a drive-through wrapping the South end of the property. Over 15 years of absolute net term remain on the Property's recently executed lease, with rent commencing upon close of escrow. The Property is located at 1803 IL-1, Marshall, IL, just Southeast of the highly-trafficked Interstate 70 and Route 1 interchange, with a combined 30,000+ VPD. The Property stands in a strong retail node with neighboring tenants including Walmart Supercenter, McDonald's, Wendy's, Subway, Phillips 66, Pilot Travel Center, Super 8, and the Relax Inn. This offering presents the unique opportunity to acquire a newly executed 15-year absolute net lease, with rental increases in the primary term to offset inflation and two long-term renewal options.

Investment Highlights

  • 15 Years of Term Commencing Upon Close of Escrow
  • Absolute Net Lease with Zero Landlord Responsibilities
  • National Tenants in Immediate Area - Marshall's Main Retail Corridor
  • Rental Increases Every 5 Years in both the Initial Term and Options
  • Shell Fuel Station Recently Underwent $225,000 Remodel in 2021

Exclusively Listed By

Auto Service - Gas-Conv

Shell Fuel Station & C-Store

Listing Price: $3,000,000

Cap Rate
6.00%
Tenant Name
Shell, Arby's
Guarantor
Personal Guarantee
Rentable SF
5,784
Lease Type
Absolute Net
Rent Per Square Feet
$31.12

Investment Highlights

  • 15 Years of Term Commencing Upon Close of Escrow
  • Absolute Net Lease with Zero Landlord Responsibilities
  • National Tenants in Immediate Area - Marshall's Main Retail Corridor
  • Rental Increases Every 5 Years in both the Initial Term and Options
  • Shell Fuel Station Recently Underwent $225,000 Remodel in 2021

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in this recently renovated, 5,784 square-foot Shell Fuel Station & C-Store, leased to and guaranteed by a well-established regional fuel station operator. The Property also features Arby's as a sub-tenant with a drive-through wrapping the South end of the property. Over 15 years of absolute net term remain on the Property's recently executed lease, with rent commencing upon close of escrow. The Property is located at 1803 IL-1, Marshall, IL, just Southeast of the highly-trafficked Interstate 70 and Route 1 interchange, with a combined 30,000+ VPD. The Property stands in a strong retail node with neighboring tenants including Walmart Supercenter, McDonald's, Wendy's, Subway, Phillips 66, Pilot Travel Center, Super 8, and the Relax Inn. This offering presents the unique opportunity to acquire a newly executed 15-year absolute net lease, with rental increases in the primary term to offset inflation and two long-term renewal options.

Exclusively Listed By

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