Historical Retail Sale Listing - 4659 Airport Boulevard Portfolio

Retail For Sale

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4659 Airport Boulevard Portfolio

4659 Airport Boulevard, Mobile, AL 36608

N/A

1,800 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
1,800 SF
Property Type:
Retail
Property Sub-type:
Service/Gas Station
Property Use Type:
Investment
Tenancy:
Single
Year Built:
1987
Lot Size:
41,774 SF
Listing ID
15142068
Last Updated
over 1 year ago

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

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)

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

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