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Views: 75 DOM: 94 Updated: 11.11.24 Posted: 08.12.24 Status: Active

Summary

Price $1,428,000
Built/Renov 1995
Tenant 76 Gas Station
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,514
Lease Start 12-14-2022
#Units 1,989
Price/SF $943.20
Expiration 12-31-2042
Tenant Type Convenience/Gas
NOI $107,100
R. Term 18.1
Ownership Fee Simple
Rent/SF $70.74
Increases 2.0%/1/yrs
Pop 5Mi 16,495
Lot/AC 0.68
Options 4/5yrs/2%
AHHI 5Mi $50,494

Lease Highlights

  • 76 Gas Station 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 option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The 76 Gas Station is strategically located on Bells Highway, with access to 16,605 vehicles passing by daily. The property benefits from a prime location off Interstate 95, surrounded by well-known national tenants such as Tractor Supply Co., Walmart, Starbucks, Dunkin', McDonald's, Cook Out, Bojangles, and more. Key community establishments in the vicinity include the University of South...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Founded in 1932, 76 is a chain of gas stations located within the United States. The company operates under the tag line “We’re on the Driver’s Side”, and takes pride in being the cleanest chain...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,805 10,676 16,661
2024 Total Population : 2,788 10,721 16,687
2024 Employed Civilian Pop : 1,233 4,611 7,251
2024 Total Businesses : 332 803 959
2024 Average Household Income : $ 95,793 $ 73,273 $ 68,455
2024 Total Consumer Spending : $ 103 M $ 287 M $ 413 M
2024 Median Age : 43 43 42
2024 Total Households : 1,227 4,425 6,754
2024 Pop Age 25+: Bachelor's Degree : 397 1,083 1,593
2024 Average Home Value : $ 224,648 $ 212,849 $ 205,349
*ESRI data is presented for informational purposes only

Listing Broker

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