Maverick (GL)

2435 South 8000 West, Magna, UT 84044

$4,106,000

Cap Rate 4.75%

Views: 54 DOM: 90 Updated: 11.15.24 Posted: 09.27.24 Status: Active

Summary

Price $4,106,000	Built/Renov 2020/2021	Tenant Maverick (GL)
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,132	Lease Start 01-06-2021	#Units 800
Price/SF $669.60	Expiration 12-31-2035	Tenant Type Convenience/Gas
NOI $195,000	R. Term 11.0	Ownership Ground Lease
Rent/SF $31.80	Increases 10.0%/2/yrs	Pop 5Mi 94,308
Lot/AC 3.75	Options 3/5yrs/10%	AHHI 5Mi $111,542

Mike Sladich

Northmarq

Contact

Lease Highlights

Maverik has 11 years remaining on the current ground lease term with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the base term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Maverick is strategically located at the signalized, hard corner intersection of South 8000 West and 2400 South/Hwy 201, a major east-west thoroughfare, with access to a combined daily traffic count of 39,909 vehicles. The site features 14 auto fuel pumps and an additional 10 truck and RV fuel pumps. Additionally, there are truck scales on the south side of the property which help serve the...

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Maverick Wikipedia Maverik Wikipedia Magna, Utah Zip Code 84044 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Maverick
Guarantor:Corporate
Company:FJ Management, Inc.
# Units:800
Stock:Private

About Tenant

Maverik, Inc. dba Maverik is a convenience store brand and the largest independent fuel marketer in the Intermountain West. Maverik is known for its premium BonFire food, made fresh daily, great...

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Listing Broker

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