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Views: 42 DOM: 103 Updated: 11.21.24 Posted: 08.22.24 Status: Active

Summary

Price $2,747,000
Built/Renov 1984/2020
Tenant Shell
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 493
Lease Start 11-01-2019
#Units 27
Price/SF $5,572.01
Expiration 10-31-2040
Tenant Type Convenience/Gas
NOI $171,707
R. Term 15.11
Ownership Fee Simple
Rent/SF $348.29
Increases 2.0%/1/yrs
Pop 5Mi 167,258
Lot/AC 0.65
Options 2/10yrs/2%
AHHI 5Mi $83,621

Lease Highlights

  • Shell has 15+ years remaining on the current lease term with 2 (10-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal & Franchisee guaranty

Location Description

Shell is strategically located at the signalized, hard corner intersection of SW Archer Road and State Highway 121, a primary retail and commuter junction, with access to a combined daily traffic count of 107,000 vehicles. The property benefits from excellent visibility, multiple points of ingress/egress, significant street frontage, and a large pylon sign. It is directly across from Butler...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Shell
  • Guarantor:Franchisee
  • Company:Pipeline Petroleum Banning LLC
  • # Units:27
  • Tenant S&P: A+
  • Moody’s: Aa2
  • Stock: NYSE: SHEL

About Tenant

Shell plc (NYSE: SHEL) is a British multinational oil and gas company formed in 1907 through the merger of the Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and...


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Listing Broker

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