absolute nnn convenience store

Gulf | Macon, GA

Sands Investment Group is Pleased to Exclusively Offer For Sale the Absolute NNN Convenience Store Investment Located at 885 Martin Luther King Boulevard in Macon, Georgia.

  • Brand New 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Renovated During 2019 and Have New Dealers in Place When the Grand Re-Opening Occurs in June
  • 2% Annual Rent Increases – Next Increase Set to Occur on 10/1/2020
  • Four (4) x Five (5) Year Options to Renew
  • Blended CAP Rate of 8.89% Over Lease Term
  • 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 7 States: GA, TX, SC, LA, AR, AL and MS; Additional Information on Guarantor is Available Upon Execution of a Confidentiality Agreement
  • Strong Store Performance – 3.5 x Rent Coverage
  • Developing and High Growth Area – Population Expected to Increase by 3.6% Within a 1-Mile Radius Over the Next 5 Years
  • Signalized Hard Corner Location With Excellent Visibility Along With Egress / Ingress and Multiple Access Points
  • Population of Over 46,000 Residents Within a 3-Mile Radius of the Property
  • Less Than 2-Miles From Mercer University – Student Population of Over 8,000 People
  • Close Proximity to Navicent Medical Center and Coliseum Medical Hospital – With Over 300 Beds

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374

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