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Views: 101 DOM: 295 Updated: 08.23.24 Posted: 11.28.23 Status: Active

Summary

Price $3,408,000
Built/Renov 1997
Tenant Roadrunner
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,550
Lease Start 04-01-2023
#Units 92
Price/SF $1,336.47
Expiration 03-31-2038
Tenant Type Convenience/Gas
NOI $204,493
R. Term 13.6
Ownership Fee Simple
Rent/SF $80.19
Increases 10.0%/4/yrs
Pop 5Mi 29,652
Lot/AC 1.04
Options 0/0yrs
AHHI 5Mi $13,440

Lease Highlights

  • Roadrunner has 14+ years remaining on the current lease term
  • Lease features 10% rental escalations every 5 years
  • Asset qualifies for bonus depreciation
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Roadrunner is strategically located on Dellwood Drive, with access to 24,500 vehicles passing by daily. The property is conveniently positioned just off US Hwy 19 (24,300 VPD), and it is in proximity to the intersection of US Highway 19 and US Highway 276 (15,600 VPD). Furthermore, the property benefits from excellent accessibility, offering two points of access off US Highway 276. Within a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Roadrunner Markets is a brand of convenience stores primarily in the Southeast region of the United States. Founded in 1977, its first convenience store opened in Greeneville, TN in 1980....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,575 12,098 29,732
2023 Total Population : 1,564 11,886 29,652
2023 Employed Civilian Pop : 701 5,378 13,120
2023 Total Businesses : 100 1,022 1,676
2023 Average Household Income : $ 78,741 $ 82,295 $ 80,376
2023 Total Consumer Spending : $ 51 M $ 404 M $ 958 M
2023 Median Age : 56 53 50
2023 Total Households : 737 5,553 13,440
2023 Pop Age 25+: Bachelor's Degree : 225 2,102 4,735
2023 Average Home Value : $ 296,556 $ 285,021 $ 274,752
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Dellwood Rd Dayton Dr 2018 24,500 0.42 mi
Moss Ct Dayton Dr 2008 930 0.60 mi
Russ Ave Dayton Dr 2008 16,000 0.66 mi
Mauney Cove Rd Jims Cove Rd 2008 1,700 0.67 mi
County Rd Noland Downs Rd 2008 1,200 0.74 mi
Dellwood Road Noland Downs Rd 2018 15,000 0.75 mi
County Road W End Cir 2018 1,600 0.89 mi
Dellwood Rd N Lakeshore Dr 2008 13,000 0.93 mi
Golf Course Rd Moody Dr 2008 880 1.17 mi
Fairway Hills Dr Mountain Laurel Ln 2008 330 1.26 mi

Listing Broker

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