Close of Escrow: Valero in Duluth, GA

Close of Escrow: Valero in Duluth, GA

SIG is pleased to announce the recent Close of Escrow on Valero located in Duluth, Georgia.

Investment Highlights Include:

  • Brand New 15 Year Absolute Triple Net (NNN) Lease that Begins at Close of Escrow
  • 7.5% Rent Increase Every 5 Years with 3 x 5 Year Options to Extend
  • Remodeled in 2016 for $465,000 in Improvements – Such as New Pumps, New Coolers, Internal & External Face-lift and Double Link Tanks
  • The Valero is Located in the Heart of Duluth and Sits on a Signalized 4-Way Hard Corner of one of the Busiest Streets – Peachtree Industrial Blvd (PIB) and N Berkeley
  • Surrounded by National and Regional Retailers and 3 Fully Occupied Strip Centers
  • Strong Multi-Store Operator – NGC, Inc has Over 14 Years of Experience with 40 Stores and is Currently Operating 8 Stores with 75 Employees
  • Corner Property with Great Visibility and Ingress/Egress
  • Absolute Net Lease (NNN) – Tenant is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance and Common Area Maintenance

Closing Price: $1,450,000
Closing CAP:  4.00%

Listing Agents: Munir Meghjani and Rahill Lakhani

For More Information Contact:

Munir Meghjani
Lic #366616
678.770.2101
munir@SIGnnn.com

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply