SUNOCO has a Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations every 5 Years. The tenant, BOCA SUNSHINE PETROLEUM 2, LLC, is a Seasoned Gas Station Operator with Forty 76 Branded Gas Stations (±50 by YE 2020!). EXTREMELY STRONG Personal Guarantors Back the Performance of the Lease, with a Combined Net Worth in Excess of $130,000,000! This site Currently Qualifies for Bonus Depreciation, Allowing Landlord to Accelerate 100% of the Building, Cost of Canopies, Fuel Tanks/Pumps, Carwash, Equipment, etc. in the First Year! The YE 2019 Sales were in Excess of $5,000,000 with an Attractive 8.49% Rent to Sales Ratio! The Tenant is Investing ±$1,000,000 for Remodeling, Slated for Completion by YE 2021!
This location is Situated on a Large ±2.30-Acre Lot, with Great Highway Visibility on US Hwy 27 N, where Traffic Counts Exceed 39,000 CPD! Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Home Depot, Publix Super Market, Winn-Dixie, ALDI, Ashley HomeStore, Bed Bath & Beyond, Ross Dress for Less, Marshalls, Books-A-Million, Aaron’s, Advance Auto Parts, Sherwin Williams, Gold’s Gym, Petco, Pet Supermarket and Office Depot; Less than 5 miles from South Florida State College (a public college offering numerous degrees & programs serving 2,780 students); 2 miles from AdventHealth Sebring (an acute-care hospital providing healthcare services with 159 beds).
*In Association with Florida Local Broker: Brian Brockman | Bang Realty-Naples, Inc | FL License # BK3327646