Location: Hard Corner Airline Highway and Post Office Road
High Traffic / High Visibility
Land: 0.95 (+/-) acres / 41,382 (+/-) square feet
Income: Ground Lease $3,488.65 NNN per month / $41,863.80 per year with annual CPI rent increases. Leased through April 30th, 2031 with one (1) ten (10) year renewal option.
Improvements: 3,600 s. f. (+/-) Chevron gas station and convenience store built in 2005 / 2006. At lease expiration, the building and other improvements become the land owner's property and the tenant retains ownership of the dispensers, canopy, and collar. The lease does provide that the land owner can require that the tenant remove the building and all improvements at lease expiration.
Zoning: MU - Mixed Use Corridor
Assemblage: Owner is also offering the adjacent 2.12 acres for sale separately at $1,320,000
Price: $872,000
