Spirit Truck Stop Absolute Net Lease Convenience Store Florida

Investment Offering

Tenant: Spirit Truck Stop | Lake Panasoffkee, FL
Premises: 5,770 SF
Renewal Options: 3 x 5 Years

Lease Expiration: 15 Yrs from COE
Lease Type: Absolute NNN
Rental Increases: 2% Annually

Sands Investment Group is Pleased to Exclusively Offer This Absolute Net Lease (NNN) Investment Located at 293 E County Road 470 in Lake Panasoffkee, Florida.

New 15 Year Absolute NNN Lease With 2% Annual Increases and 3 x 5 Year Options
Absolute Net Lease (NNN) – Tenant is Responsible For All Expenses Including Roof, Structure, Taxes, Insurance and Common Area Maintenance
Tenant is a Multi-Store Operator With Over 10 Years of Experience in Operations and Management in the Truckstop Industry in Addition to 25 Years in the Trucking Industry
Tenant is Committed to Investing Between $500,000 to $750,000 in Renovations
Strong Inside and Outside Store Sales With Continuous Growth
Personal and Corporate Guarantee
Property is Located in Sumter County at Exit #321 at the Southeast Quadrant of Interstate 75 and County Road 470 in Lake Panasoffkee, Florida South of Wildwood Exit; the Site is Well Located With Visibility From Interstate 75 and Easy Access to SR 301, Florida Turnpike and Interstate 4
In Close Proximity to Lake Panasoffkee RV Park, Countryside RV Park, Lake Panasoffkee Elementary School and Panasoffkee Community Library
Population of 55,485 With an Average Household Income of $62,258 Within a 10-Mile Radius
Nearby Tenants Include: Hardee’s, Shell, Circle K, Mobil and Tom & Jerry’s Airboat Rides

In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229

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Tenant Overview

Spirit Petroleum is an American petroleum brand created in 2002 by the Petroleum Marketers Oil Corporation, LLC. Spirit® Petroleum is a national petroleum brand created for the sole purpose of serving the needs of independent petroleum marketers. The Spirit® brand’s appealing patriotic image inspires customer confidence and loyalty from coast to coast. Minimal requirements and multiple supply options give licensees more flexibility to run their business their way. And the Spirit® program is affordable, combining low branding costs with a menu of optional business solutions to help keep expenses to a minimum. Spirit® brand licensees enjoy the dedication and support of a team of professionals committed to helping them succeed. The brand is owned by the Petroleum Marketers Association of America, and all profits are shared among PMAA’s member state associations, further benefitting licensees. The company has been based in Soap Lake, Washington since 2016. Currently fuel stations in 32 states are flagged with the Spirit brand.

Area Overview