Auto Service - Gas-Conv
GX Market Sale-Leaseback | 20-Year NNN | Bonus Depreciation | Annual Rent Bumps
939 Fort Dale Rd, Greenville, AL 36037
Listing Price: $1,920,000
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS
Flat topography with strong visibility along Fort Dale Road (±13,800 VPD)
4-lane road that connects I-65 to downtown Greenville
Strategically located off Interstate-65
Multiple points of ingress/egress
Six (6) fueling bays with on-site car wash
Large parcel size of ±0.95 acres
OPTIMAL LEASE STRUCTURE
Rare 20-year base term
Four (4), 5-year renewal options
Fundamentally low rent of $120,000 in Lease Year 1
1.5% rent escalations ever year throughout entire lease
Triple Net (NNN) lease with no landlord responsibilities
Tax advantages with accelerated depreciation due to fee simple ownership
DOMINANT GAS & C-STORE OPERATOR
Expanding 200+ unit operator across 7 states
GA, LA, AR, AL, SC, TN, NC
Currently, operate 15+ units throughout Alabama
Other brands include TA Express, Circle K and Kangaroo Express
26+ year operating history
Investment Highlights
- Strategically located off Interstate-65
- Six (6) fueling bays
- Tax advantages with accelerated depreciation due to fee simple ownership
Broker of Record
Financing By
Auto Service - Gas-Conv
GX Market Sale-Leaseback | 20-Year NNN | Bonus Depreciation | Annual Rent Bumps
Listing Price: $1,920,000
Investment Highlights
- Strategically located off Interstate-65
- Six (6) fueling bays
- Tax advantages with accelerated depreciation due to fee simple ownership
Investment Overview
STRONG REAL ESTATE FUNDAMENTALS Flat topography with strong visibility along Fort Dale Road (±13,800 VPD) 4-lane road that connects I-65 to downtown Greenville Strategically located off Interstate-65 Multiple points of ingress/egress Six (6) fueling bays with on-site car wash Large parcel size of ±0.95 acres OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Fundamentally low rent of $120,000 in Lease Year 1 1.5% rent escalations ever year throughout entire lease Triple Net (NNN) lease with no landlord responsibilities Tax advantages with accelerated depreciation due to fee simple ownership DOMINANT GAS & C-STORE OPERATOR Expanding 200+ unit operator across 7 states GA, LA, AR, AL, SC, TN, NC Currently, operate 15+ units throughout Alabama Other brands include TA Express, Circle K and Kangaroo Express 26+ year operating history
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments