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Views: 121 DOM: 233 Updated: 10.18.24 Posted: 05.02.24 Status: Active

Summary

Price $7,242,991
Built/Renov 2023
Tenant Irving Oil
Cap Rate 5.35%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,350
Lease Start 12-21-2023
#Units 900
Price/SF $1,665.06
Expiration 12-31-2043
Tenant Type Convenience/Gas
NOI $387,500
R. Term 19.0
Ownership Fee Simple
Rent/SF $89.08
Increases 10.0%/5/yrs
Pop 5Mi 19,192
Lot/AC 1.68
Options 4/5yrs/10%
AHHI 5Mi $100,683

Lease Highlights

  • Brand new 2023 construction
  • Irving Oil has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Irving Gas Station & Convenience Store is strategically located at the hard corner intersection of Date Palm Drive and Dinah Shore Drive, the area’s primary commercial and commuter corridor, with access to a combined daily traffic count of 19,100 vehicles. The property offers convenient access to US Route 4, NH Routes 11, 127, and 132, as well as US Route 3, providing direct access to New...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Irving Oil
  • Guarantor:Corporate
  • Company:Irving Group of Companies
  • # Units:900
  • Stock:Private

About Tenant

Irving Oil Corporation is a privately held, vertically integrated, Canadian gasoline, oil, and natural gas company that owns its own supply chain of crude oil to retail gas stations. The company...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,850 14,190 19,357
2023 Total Population : 2,864 13,753 18,830
2023 Employed Civilian Pop : 1,433 7,032 10,145
2023 Total Businesses : 157 604 879
2023 Average Household Income : $ 83,129 $ 80,376 $ 85,763
2023 Total Consumer Spending : $ 85 M $ 397 M $ 569 M
2023 Median Age : 44 43 44
2023 Total Households : 1,170 5,695 7,682
2023 Pop Age 25+: Bachelor's Degree : 274 1,331 2,096
2023 Average Home Value : $ 236,228 $ 253,921 $ 267,662
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Central St Damy Dr 2004 17,000 0.03 mi
Lancaster St Riverside Housing Entrance 2020 434 0.21 mi
US 3;NH 11 Clark Rd 2022 16,056 0.22 mi
Cross Mill Road Central St 2022 1,275 0.25 mi
Green St Green St 2020 434 0.30 mi
Clark Rd Hemlock Rd 2020 434 0.33 mi
Central Street Green St 2019 18,198 0.34 mi
Central St Green St 2020 16,742 0.34 mi
Dearborn St Central St 2020 434 0.34 mi
Mark Rd Proctor St Exd 2020 434 0.37 mi

Listing Broker

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