Exxon Absolute NNN Lease

Exxon | Bernice, LA

Sands Investment Group is Pleased to Present Exclusively For Sale the 2,644 SF Exxon Absolute NNN Lease Located at 1099 US-167 In Bernice, Louisiana. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Over 16 Years Left of Term, Providing For a Unique Investment.

  • Over 16 Years Remaining on an Absolute Triple Net Lease (NNN) With No Landlord Responsibilities – Creating Consistent Passive Cash Flow
  • Fully Renovated in 2019; Renovation Entirely Paid For and Completed By the Tenant Showing Strong Commitment to This Site
  • Attractive 2% Annual Rental Increases
  • Excellent Egress/Ingress With Multiple Points of Access
  • Property Has Excellent Visibility and is Located on Route 167 Which Sees Nearly 5,867 VPD and Connects Bernice to Interstate 20
  • Corporate Guarantor From Mountain Express Oil (“MEX”) Which is a Growing Petroleum Supplier, or “Jobber” That is Headquartered in Ackworth, GA, and Now Operates in 10 States With Over 600 Locations and is Independently Valued at $400,000,000
  • Strategically Located on Route 167 Which is the Main Route Through the Town of Bernice
  • Average Household Income Within a 10-Mile Radius is $60,060
  • Limited Competition in the Area

In Cooperation With Sands Investment Group Louisiana, LLC Lic. # BROK.0995702111-CORP

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nnn investment

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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Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities