109 S Lee St - Convenience Store FOR SALE
Hampton, AR 71744 |
109 S Lee St
Hampton, AR 71744
HIGHLIGHTS
- New 20 Year Absolute Triple Net (NNN) Leases With Zero Landlord Responsibilities
- Each Location Benefits From 1.6% Annual Rent Increases and 4 x 5 Year Renewal Options
- Guarantor Supplied Over 165 Million Gallons of Fuel to 300+ Locations During the 12 Month Period (Ending 12/31/2018)
- Guarantor Generated Over $400 Million in Revenue in 2018 and Operates in 7 States: GA, TX, SC, AL, AR, LA and MS
- Strong Store Performance Across All Locations – Blended Average 2.33x Rent Coverage
- Weighted Average Cap Rate is 8.00% Over Lease Term For Portfolio
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Exxon
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
1484
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
712-00422-000C
