Sands Investment Group is Pleased to Present for Sale the Fast Stop Absolute NNN Asset Located at 2677 Nicholson Drive in Baton Rouge, LA. The Tenant Has Signed a 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Strong Rental Increases, Providing For a Secured Investment.
- Under Construction Fast Stop Convenience Store
- 20 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 2% Annual Rent Increases Offers A Strong Hedge Against Inflation
- STRONG TENANT PROFILE – Fast Stop Management Is A 20+ Unit C-Store Company That Had Gross Sales of +/-$70 million for 2022
- The Lease is Corporately Guaranteed By Fast Stop Management and Personally Guaranteed By The CEO
- Fast Stop Management’s Portfolio Is Performing At A Healthy 3.06X Rent Coverage Ratio
- Strategically Located Less Than 1-Mile From Louisiana State University (LSU) And Less Than 3-Miles From Downtown Baton Rouge. This Location Has A Population Of Over 149,000 Residents Living With-In A 5-Mile Radius
- Louisiana State University (LSU) – Located In Baton Rouge – Is The Flagship School Of The State Of Louisiana & Currently Enrolls Over 37,354 Undergraduate Students and Over 4,500 Graduate Students
- This Site Has Strong Traffic Counts With Over 18,693 VPD.
- C-Store Investments Offer Increased Depreciation Expenses (Consult Your CPA)
In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman – Lic. LA #BROK.0995700567-ACT
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities