80 Dixon Run Rd - Retail FOR SALE


Jackson, OH 45640
$22,000,000 USD
786-522-7013
80 Dixon Run Rd, Jackson, OH for Sale
$22,000,000 USD
Retail - FOR SALE
1/3
null | 8% Cap Rate

80 Dixon Run Rd
Jackson, OH 45640


HIGHLIGHTS

  • 20 Year Absolute Net Sale-Leaseback | Zero Landlord Responsibilities | 2% Annual Increases
  • Four, 20-Year Options with 2% Annual Increases
  • 18,030 Square Foot Store | Parcel is 21 Acres
  • LV Petroleum Guarantee | 43+ TA Truck Stops | LV Petroleum has Recently Completed $16,300,000 Remodel
  • Located Just Off US Route 35 with 14,682 Vehicles per Day
  • Average Household Income of $54,071 and a Population of 55,781 within a Twenty-Mile Radius

OVERVIEW

Marcus & Millichap is pleased to present for sale this TravelCenters of America (TA) operated by LV Petroleum located at 80 Dixon Run Rd, Jackson, OH. The subject property is strategically located on US Route 35 with 14,682 vehicles per day. Within a 10-mile radius of the property there are 2.6 million square feet of industrial property with a low 0.9% vacancy rate and 1.3 million square feet of retail with a 1.7% vacancy rate. The guarantor, LV Petroleum, will sign a 20-year absolute triple-net lease with 2 percent annual escalations including the four, 20-year rental option periods. The subject property is situated on 21 acres with a 18,030 square foot store. Amenities at this location include Sbarro’s, Miss J’s Diner, Miss J’s Express, 6 Diesel Fueling Lanes, 150 Truck Parking Spaces, 4 Private Showers, Repair Shop with two full-service bays, Lounge/Game Area, Trucker Supply and a CAT Scale. LV Petroleum, the largest franchise operator within the TA system, has 43 operating truck stops in 10 states, 19 gas stations (NV/AZ) and a pipeline of 15+ additional truck stops of both ground up builds or through acquisition and rebrand. They are franchisees for Sbarro, Rally’s, KFC, Einstein Bros Bagels, Krispy Krunchy Chicken, Del Taco, Dunkin, Charley’s and Black Bear Diner. In addition to retail operations, LV Petroleum operates a wholesale fuel distribution company that supplies 76, Philips and Conoco branded gasoline as well as unbranded fuels which supplies over one million gallons a month. TravelCenters of America is the largest publicly traded full-service truck stop and travel center company in the United States with 304 locations in 44 states. The company operates full-service centers, convenience stores, and restaurants under the TravelCenters of America, TA, Petro Stopping Centers, TA Express, GOASIS brands. In May 2023, BP Products North America Inc., a wholly owned indirect subsidiary of BP plc acquired the company.

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$1,673 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LV Petroleum dba TA Express

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

20.93 AC

LAND SF

911,711 SF

ZONING

-

APN/PARCEL ID

A01-003-00-002-01

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.