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SQRL

101 East Lake Street, McLouth, KS 66054

$1,316,000

Cap Rate 13.95%

Views: 155 DOM: 99 Updated: 04.10.24 Posted: 02.08.24 Status: Active

Summary

Price $1,316,000
Built/Renov 1950/2022
Tenant SQRL
Cap Rate 13.95%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,664
Lease Start 07-01-2022
#Units 350
Price/SF $493.99
Expiration 06-30-2042
Tenant Type Convenience/Gas
NOI $183,600
R. Term 18.1
Ownership Fee Simple
Rent/SF $68.92
Increases 2.0%/1/yrs
Pop 5Mi 2,860
Lot/AC 0.32
Options 4/5yrs/2%
AHHI 5Mi $60,875

Simon Assaf
Matthews REIS
Contact

Lease Highlights

  • SQRL has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

SQRL is strategically located on E Lake Street, surrounded by community establishments such as Apple Market, Rose Park, Prairie Park, McLouth High School, and others. This prime location is further enhanced by the limited competition in the area. The 5-mile trade area is supported by a population of 2,860 with an average household income of $60,875. McLouth is a city located in Jefferson...

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Key Features

  • Recent renovation

  • Build to suit

  • Strategically located

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Limited competition

  • Annual rent increases

  • Corporate Guarantee

  • Over 100 Units backed

    • ...

Links

SQRL Wikipedia McLouth, Kansas Zip Code 66054 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: SQRL
  • Guarantor:Corporate
  • Company:SQRL Holdings, LLC
  • # Units:350
  • Stock:Private

About Tenant

SQRL Fuel operates gas stations with coffee shop-like convenience stores. Their brand focuses on being family-friendly and environmentally conscious as well as offering high-quality products,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 898 1,616 2,789
2023 Total Population : 872 1,579 2,757
2023 Employed Civilian Pop : 383 720 1,362
2023 Total Businesses : 37 49 65
2023 Average Household Income : $ 83,441 $ 89,896 $ 97,979
2023 Total Consumer Spending : $ 26 M $ 49 M $ 91 M
2023 Median Age : 42 43 44
2023 Total Households : 361 625 1,064
2023 Pop Age 25+: Bachelor's Degree : 84 179 365
2023 Average Home Value : $ 299,185 $ 312,627 $ 330,367
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Lake Street S Liberty St 2018 3,340 0.02 mi
West Lake Street W Lake St 2018 3,030 0.08 mi
East Lake Street K16 Hwy 2021 3,460 0.14 mi
French Rd 2021 734 0.15 mi
South Union Street W Lucy St 2018 2,040 0.16 mi
KS 92 W Cynthia St 2021 1,920 0.22 mi
E Lake St S Vine St 2008 2,840 0.32 mi
W Lake St Hwy 16 2008 2,960 0.35 mi
State Hwy 16 W Lake St 2018 3,030 0.40 mi
South Union Street Lovers Ln 2018 1,100 0.49 mi

Listing Broker

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