PROPERTY HIGHLIGHTS
RARE ACCELERATED DEPRECIATION
Fee simple build-to-suit ownership of petroleum dispensing properties typically qualify for 15-Year accelerated depreciation which creates unparalleled after-tax returns.
CORPORATELY GUARANTEED
The lease is corporately guaranteed by ? Partners LP, a publicly traded company (NYSE: ) with an S&P credit rating of B+ (Guarantor) and over 1,600 retail stations. ABSOLUTE NET LEASE WITH
NOTABLE RENOVATIONS MADE
Tenant signed a 10 year NNN lease in 2020 with zero Landlord responsibilities or expenses. Tenant completed renovations totaling $500,000+ to the parking lot, dispensers, canopy, HVAC, signage, exterior lighting, and more at move-in.
ANNUAL RENTAL INCREASES
The Lease features 1.5% annual rental increases that continue through the base term and all options periods. LARGE PARCEL SIZE The site sits on a sizeable 1.96-acre site which allows for redevelopment in the future, if necessary.
EXCELLENT VISIBILITY ON A SIGNALIZED HARD CORNER
The property sits at a signalized hard corner location with access points on both County Line Road and Doylestown Road/Route 202 which sees combined traffic counts of 43,538 VPD. STRONG RETAIL CORRIDOR
The subject property is adjacent to many national retailers like CVS, Wawa, Wells Fargo, McDonald’s, Giant, Starbucks, Fine Wine & Good Spirits, and more. Montgomeryville, one of the largest retail hubs in suburban Philadelphia, is also nearby with several million square feet of retail locations for numerous national credit tenants.
DENSE AND AFFLUENT PHILADELPHIA MSA LOCATION
The subject property sits on the county line of Montgomery County and Bucks County, the 2nd and 3rd wealthiest counties in the state illustrated by average household incomes ranging from $160,800-$169,300 within the 1, 3, and 5 mile rings and an average population of over 55,300 within the 3 miles radius of the site
LIST PRICE $3.5MM CAP RATE 6.00% NOI $200,89
Sales@hflipper.com
We are pleased to offer for sale to qualified investors a unique freestanding major gas station and convenience stores. This is an opportunity for an investor to acquire well-located gas stations in a personal income tax-free state.
The subject property received various property renovations in 2020. The absolute NNN leases feature 2.00% annual increases during their 21- year primary term and features two, 10-year extension options.
PURCHASE PRICE $5.1 MM CAP RATE 6.25% ANNUAL RENT $307,818 LEASE TYPE ABSOLUTE NNN THE OFFERING
Tenant Guarantor In West Palm Beach, FL
Major Gas Company Holdings 2, LLC 's & Two High Net Worth Individuals
INVESTMENT SUMMARY
Asset Class Ownership Interest Annual Rent Monthly Rent Cap Rate Purchase Price Rent Commencement Lease Expiration Lease Term Lease Type Lease Term Remaining Renewal Options Lease Escalations 11.22.2019 11.21.2040 21-Years
Absolute NNN 16.5 +/- Years Two, 10-Year 2% Annually * May Qualify For Bonus Depreciation Pricing Based on November 2024 Rent Increase
Sales@hflipper.com
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