Exxon | Bernice, LA
Sands Investment Group is Pleased to Exclusively Offer For Sale the NNN Investment Property Located at 1099 Highway 167 South in Bernice, Louisiana.
- Open/Essential Business and Operation is as Usual
- New 20 Year Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
- Bernice Has Been a Consistent Performer For Years and Pumped 39,000 Gallons in February 2020; Tenant Currently Working on a Feasibility Study of Adding a Truck Stop to the Site, Which Tenant Believes Would Generate an Additional 55,000 Gallons of Diesel Fuel Per Month
- Strong Store Performance – 2.25 x Rent Coverage
- Four (4) x Five (5) Year Options to Renew With 2% Annual Rent Increases
- Blended CAP Rate of 8.81% Over Lease Term
- Excellent Egress/Ingress – Multiple Points of Access
- Guarantor, Valued at Approximately $400 Million, Supplied Over 200 Million Gallons of Fuel to Over 300 Locations During the 12-Month Period (Ended 12/31/2019). Guarantor Generated Over $434 Million in Revenue in 2019 and Operates in Seven States: GA, TX, SC, LA, AR, AL & MS. Additional Information on Guarantor is Available Upon Execution of a Confidentiality Agreement
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