loader
Join Free
Views: 58 DOM: 81 Updated: 09.04.24 Posted: 06.19.24 Status: Active

Summary

Price $8,026,000
Built/Renov 2019
Tenant Maverik (Kum & Go)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,790
Lease Start 09-12-2019
#Units 800
Price/SF $1,386.18
Expiration 09-30-2039
Tenant Type Convenience/Gas
NOI $421,346
R. Term 15.0
Ownership Fee Simple
Rent/SF $72.77
Increases 7.5%/5/yrs
Pop 5Mi 203,628
Lot/AC 2.00
Options 4/5yrs/5%
AHHI 5Mi $141,060

Lease Highlights

  • Maverik has 15+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and 5% at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Maverik is strategically located at the signalized, hard corner intersection of W Belleview Ave. and S Simms St., with access to a combined daily traffic count of 32,824 vehicles. The property is in a dense residential corridor surrounded by townhome developments and well-known national tenants including Walgreens, Goodwill, Papa Murphy’s, Comfort Dental, and more. The 5-mile trade area is...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Maverik
  • 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity