(8% CAP RATE) - SHELL GAS STATION & BROWNS SUPERMARKET FOR SALE! (20-YEAR PURE NNN LEASE)

Highlights

• SHELL GAS STATION WITH BROWNS SUPERMARKET AND A SINGLE-FAMILY HOME IN THE REAR OF THE PROPERTY!
• 20-PURE NNN LEASE IN PLACE, WITH THE MONTHLY RENTAL RATE STARTING AT $20,0000 PER MONTH!
• 10% RENTAL INCREASES EVERY 5 YEARS!
• AVG 20-YEAR CAP RATE: 10% 2024 CAP RATE: 8% (IN-PLACE) 2029 CAP RATE: 9% 2034 CAP RATE: 10% 2039 CAP RATE: 11% ONLY GAS STATION WITHIN A 10-MILE RADIUS DIRECTLY OFF OF HIGHWAY I-10!
• SELLER WILL CARRY BACK UP TO ($500,000), AT 6% IR, INTEREST-ONLY, WITH A 2-YEAR BALLOON!
• BROWW'S SUPERMARKET HAS BEEN A STAPLE IN THE COMMUNITY FOR OVER 50 YEARS! RECENT RENOVATIONS INCLUDE A NEW CANOPY, NEW PUMPS, NEW LIGHTING, NEW SIGNAGE, A NEW DELI COUNTER, AND A STATE -OF-THE-ART CHECK-OUT COUNTER PLANNED FOR AUGUST OF 2024!

Description

THIS INVESTMENT OPPORTUNITY CONSISTS OF A NEWLY REMODELED SHELL GAS STATION, A LARGE SUPERMARKET, AND A 4-BEDROOM SINGLE-FAMILY HOME IN THE REAR OF THE PROPERTY. LOCATED IN THE FAMOUS FLORIDA PANHANDLE ON US HWY 90, THE PROPERTY SITS JUST (.3 MILES) OFF OF BUSY INTERSTATE 10 (I-10)! SELLER FINANCING IS AVAILABLE (SEE P.5) FOR FULL DETAILS!

THE PROPERTY SITS ON A LARGE .63-ACRE SITE AND HAS BEEN RECENTLY UPDATED IN THE PAST YEAR! WITH THE NEW 20-YEAR PURE NNN LEASE THAT WILL BE SIGNED AT CLOSING, THE PROPERTY WILL BOAST A CAP RATE OF OVER 8% AT CLOSING! THE PROPERTY SITS AT AN INTERSECTION DIRECTLY OFF OF I-10 (EXIT 45) AND IS THE ONLY SERVICE STATION ON EXIT 45. IN FACT, THERE IS NO OTHER GAS STATION WITHIN ALMOST 10 MILES OF THE PROPERTY, CREATING A MASSIVE AMOUNT OF BUSINESS FOR THIS LOCATION. BROWNS SUPERMARKET, WHICH IS ATTACHED TO THE SERVICE STATION, IS A STAPLE IN THE LOCAL COMMUNITY AND HAS BEEN IN OPERATION FOR OVER 50 YEARS!

CURRENTLY, THE PROPERTY HAS A NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WILL BE SIGNED AT CLOSING. THE RENTAL RATE STARTS AT $20,000 (PER MONTH) IN 2024 AND WILL INCREASE BY 10% EVERY 5 YEARS UNTIL THE END OF THE 20-YEAR TERM. THE TENANT ALSO HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY & FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED BY THE OPERATOR & BACKED BY A SHELL GAS AGREEMENT THROUGHOUT THE LEASE.

THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF 8%. WITH THE RENTAL INCREASES EVERY 5 YEARS BUILT INTO THE CURRENT LEASE, THIS NUMBER WILL ONLY GROW! BY 2029, THE BUYER WILL EASILY SURPASS A CAP RATE OF 9% & THIS WILL RISE, 5 YEARS LATER, TO A CAP RATE OF 10%. BY THE FINAL YEARS OF THE LEASE, THE CAP RATE WILL SURPASS 12%, WHICH IS AN AMAZING RETURN FOR A NNN ASSET THAT IS HANDS-OFF FOR THE BUYER!

SELLER FINANCING APPROXIMATE TERMS:

SELLER CARYYBACK AMOUNT: $500,000!

FIXED INTEREST RATE: 6%

INTEREST-ONLY PAYMENTS OR

AN AMORTIZATION OF 30-YEARS

BALLOON LENGTH: 2- YEARS

THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH A RE-BRANDED 4-PUMP SHELL STATION, A FULLY REMODELED BROWNS SUPERMARKET, A NEW (20-YEAR) LEASE, & STRONG HISTORIC SALES. THIS IS THE PERFECT INVESTMENT OPPORTUNITY FOR SOMEONE LOOKING TO LOCK IN A STRONG LONG-TERM INCOME, $240,000 MINIMUM PER YEAR, WITH A STRONG AND PROVEN TENANT. IT IS CURRENTLY THE ONLY PURE NNN GAS STATION ON THE MARKET WITH A CAP RATE OF 8%+ IN PLACE, WITH RENTAL BUMPS IMPROVING THE CAP RATE ALL THE WAY UP TO 12% BY THE END OF THE INITIAL TERM. ON AVERAGE, A BUYER WILL OBTAIN A CAP RATE OF 10% THROUGHOUT THE 20-YEAR TERM OF THE LEASE. THE OPERATOR HAS OVER 5 LOCATIONS IN CLOSE PROXIMITY AND HAS BEEN OPERATING SITES LIKE THIS ONE FOR 10+ YEARS. THEY HAVE STRONG FINANCIALS AND GREAT HISTORIC SALES AT THIS ONE-OF-A-KIND LOCATION!

BROWNS SUPERMARKET, WHICH IS ATTACHED TO THE SHELL GAS STATION, HAS BEEN IN BUSINESS AT THIS LOCATION FOR OVER 50 YEARS. IN 2022, THE SUPERMARKET WAS FULLY REMODELED, AND THERE ARE PLANS FOR A BRAND-NEW TOP-OF-THE-LINE CHECK-OUT COUNTER COMING IN AUGUST 2024. THE SUPERMARKET NOT ONLY HAS GOODS YOU WOULD FIND AT ANY TRADITIONAL GAS STATION CONVENIENCE STORE BUT ALSO HAS A DELI WITH HOT FOOD AND A FULL KITCHEN. THERE IS A DINING AREA WHERE CUSTOMERS CAN ENJOY MEALS ALL DAY LONG! THIS WELL-KNOWN NEIGHBORHOOD SUPERMARKET ATTRACTS LOTS OF LOCAL CUSTOMERS AS WELL AS THOSE WHO ARE DRIVING ON I-10! THE GAS PORTION OF THE PROPERTY UNDERWENT A FULL REBRANDING TO SHELL IN 2023! ALL EQUIPMENT, PUMPS, CANOPY, PYLON SIGNAGE, OUTDOOR LIGHTING, DRIVEWAY REPAIRS, GOODS, AND INTERIOR AND EXTERIOR PAINT WERE UPDATED AT THIS FANTASTIC SITE. THE RECENT UPGRADES AND RENOVATIONS ONLY ADD TO THE LONG-TERM VALUE OF THIS AMAZING ASSET!

THIS IS THE ONLY PURE NNN SHELL GAS STATION ON THE MARKET WITH A SUPERMARKET ATTACHED, AS WELL AS A SINGLE FAMILY HOME IN THE REAR OF THE PROPERTY! THE LEASE THAT WILL BE SIGNED AT CLOSING WILL BE FOR THE OPERATION OF ALL 3 PROPERTY TYPES ( GAS STATION, SUPERMARKET, SINGLE-FAMILY HOME RENTAL) AT THE PROPERTY. ONE MAJOR ADVANTAGE FOR AN INVESTOR IS HOW EASY THIS ASSET IS TO MANAGE. DUE TO THE FACT, THE TENANT IS RESPONSIBLE FOR ALL EXPENSES, INCLUDING BUT NOT LIMITED TO ALL PROPERTY REPAIRS, MAINTENANCE, UTILITIES, ALL OTHER CAM CHARGES, PROPERTY TAXES, AND INSURANCE AT THE PROPERTY. THIS ASSET IS VERY EASY TO MANAGE AND MAINTAIN FOR A BUYER WHO LIVES IN THE AREA OR EVEN AN OUT-OF-STATE INVESTOR!

THIS OPPORTUNITY WILL NOT LAST LONG AS THE TENANT'S SECURITY IS IN PLACE, AND THE RENTAL UPSIDE IS IMPOSSIBLE TO FIND ANYWHERE IN THIS MARKET. WITH THE HIGH VOLUME OF SALES THE SUPERMARKET DOES, ALONG WITH THE LIMITED NUMBER OF GAS STATIONS WITHIN A 10-MILE RADIUS, THIS LOCATION WILL CONTINUE TO THRIVE FOR YEARS TO COME.

Located in the famous Florida Panhandle!

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