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Views: 86 Updated: 04.09.24 Posted: 03.08.23 Status: Inactive

Summary

Price $2,829,430
Built/Renov 1957/2022
Tenant SQRL
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,000
Lease Start 11-04-2022
#Units 139
Price/SF $1,414.71
Expiration 11-03-2042
Tenant Type Convenience/Gas
NOI $183,913
R. Term 17.11
Ownership Fee Simple
Rent/SF $91.96
Increases 2.0%/1/yrs
Pop 5Mi 23,522
Lot/AC 0.52
Options 4/5yrs/2%
AHHI 5Mi $61,640

Lease Highlights

  • Recently renovated to suit SQRL Fueling Station (2022)
  • SQRL recently signed a brand-new 20-year lease with 4 (5-year) options to extend
  • The tenant has 2% rent escalations on an annual basis
  • Absolute NNN with zero landlord responsibilities
  • Corporate guarantee by SQRL Holdings, LLC

Location Description

This newly renovated SQRL convenience store and service station is strategically located along South Road Street (HWY 41), a major north-south thoroughfare, with access to over 30,700 vehicles per day. The subject property consists of a free-standing building comprised of 2,000 SF of retail space, a single row canopy with two fueling stations, four pumps, and ample parking on a large .52-acre...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: SQRL
  • Guarantor:Corporate
  • Company:SQRL Holdings, LLC
  • # Units:139
  • 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 : 5,758 15,709 24,844
2023 Total Population : 5,529 14,937 23,663
2023 Employed Civilian Pop : 2,245 5,672 9,400
2023 Total Businesses : 611 1,066 1,308
2023 Average Household Income : $ 53,891 $ 61,685 $ 71,400
2023 Total Consumer Spending : $ 114 M $ 362 M $ 642 M
2023 Median Age : 44 52 52
2023 Total Households : 2,397 6,626 10,213
2023 Pop Age 25+: Bachelor's Degree : 520 1,578 2,543
2023 Average Home Value : $ 173,538 $ 195,152 $ 245,496
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ponce de Leon Boulevard Desoto Ave 2021 6,800 0.13 mi
Broad Street Harvard St 2021 11,000 0.13 mi
S Broad St Natelle Ave 2011 7,100 0.29 mi
Jefferson Street N Mildred Ave 2021 10,000 0.29 mi
Mildred Avenue Hospital Rd 2021 9,800 0.29 mi
S East Ave Harvard St 2011 1,900 0.32 mi
W Jefferson St S East Ave 2001 15,200 0.32 mi
Jefferson Street N Mildred Ave 2021 10,000 0.34 mi
Broad Street N Bailey Ave 2019 10,000 0.42 mi
Darby Lane Jerome Brown Pl 2021 1,200 0.43 mi

Listing Broker

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