This Retail Property is Off-Market.

4659 Airport Boulevard
Mobile, AL 36608 ·

1,800 SF · Retail For Sale

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4659 Airport Boulevard Portfolio

Price N/A Property Use Type Investment
Building Size 1,800 SF Tenancy Single
Property Type Retail Year Built 1987
Property Sub-type Service/Gas Station Lot Size 41,774 SF
Listing ID: 15142068 Date Created: 05/17/2007 Last Updated: 08/13/2007

Description

This property is part of a portfolio sale. This offering represents the rare opportunity for an investor to acquire the fee-simple ownership interest in regional portfolios consisting of 84 proven gas station locations in total with strong brands leased back on absolute triple net leases to a credit rated tenant. These convenience stores and gas stations represent 3.7M square feet of rentable area and operate under the Circle K, Holland Oil, Spectrum and Shell brand names.

This property is one of 10 stores throughout LA & AL

$14M C-Store Gas Station Portfolio

Louisiana - Baton Rouge (3), Bossier (1), Monroe (3), Shreveport (1)

Alabama - Mobile, AL (2)

Highlights

  • Single Tenant NNN lease properties, second largest convenience store operator in North America
  • Lease terms of 14 to 16 years with multiple renewal options resulting in up to 60 years of lease term
  • All expenses, including structural and site capital improvements are tenant's responsibility
  • All sites will eventually be operate under the Circle K banner, a national recognized brand
  • Ideal 1031 Exchange replacement properties
  • Parent Company 2006 revenues of over US $10 billion, a 23 percent increase over 2005

Research

4659 Airport Boulevard, Mobile, AL 36608 (Mobile County)

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