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Stripes C-Store Absolute NNN Fee Simple Convenience Store Texas

Stripes | John Ben | Odessa, TX
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Investment Offering

Tenant: Stripes | John Ben | Odessa, TX
Premises: 4,750 SF
Renewal Options: 2 x 5 Years

Lease Expiration: 9/30/2041
Lease Type:
Rental Increases: CPI or 7.5% Every 5 Years, Whichever is Less


Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,750 SF C-Store Absolute NNN Fee Simple Lease Investment Located at 5200 John Ben Shepperd Pkwy in Odessa, Texas. This Deal Includes a 20 Year Absolute Triple Net (NNN) Lease That is Available As a Portfolio or Individually, Providing For a Unique Investment.

  • Available As a Portfolio or Individually
  • 20 Year Absolute Triple Net (NNN) Lease – The Tenant Recently Extended the Lease For an Additional 10 Years Showing Strong Commitment to the Location
  • Parent Company Investment Grade Credit – Sunoco’s General Partner, Energy Transfer Partners, Carries an Investment Grade Credit Rating of BBB- (S&P)
  • The Property Has a Scheduled Rent Increase of 7.5% in September 2021
  • Recession and Pandemic Resistant Tenant; C-Stores Have Thrived Throughout the Pandemic and Have Shown Strong Profitability
  • Potential For Credit Upgrade – Most Stripes Locations Were Acquired By 7-Eleven in 2017; The West Texas Locations Were Subject to a Non-Compete With Delek Holdings; Delek Holdings Licensing Agreement With 7-Eleven Expires in December 2022, Setting Up For the Remaining Stripes to Be Acquired
  • The Site Features the Well-Known Laredo Taco Company Tex-Mex Brand, Which Provides a Unique Traffic Driver to the Location
  • C-Stores Typically Can Qualify For Bonus and Accelerated Depreciation, Which Can Significantly Increases an Investor’s Cash Flow
  • Texas is an Income Tax-Free State

In Cooperation With Sands Investment Group Austin, LLC
Lic. # 9004706 BoR: Max Freedman – Lic. # 644481

View Similar Investment Opportunities

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

Tenant Overview

Stripes Stores is a chain of 700+ convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. Stripes is one of the largest non-refining operators of convenience stores in the United States. Restaurant service is available in more than 415 of its stores, primarily under the proprietary Laredo Taco Company® brand, which serves hot, freshly made Mexican food. Stripes sells more than $1 billion of merchandise annually. In 2014, Stripes® Convenience Store and its parent company was acquired by Energy Transfer Partners L.P. Energy Transfer Partners (now legally Energy Transfer Operating L.P.) is a company engaged in natural gas and propane pipeline transport. With this, Stripes is now part of Sunoco LP (SUN), a master limited partnership that primarily distributes motor fuel to more than 3,330 convenience stores, independent dealers, and commercial customers and distributors in 9 states. In late 2017, all Stripes locations in Louisiana and parts of Texas were sold to 7-Eleven. 7-Eleven set out to buy all the Texas, New Mexico, and Oklahoma locations as well but could not get around a non compete agreement they have with Seven Eleven franchises such as Delek US Holdings.

Area Overview

Stripes | John Ben | Odessa, TX

5200 John Ben Shepperd Pkwy - Odessa, TX 79762

Contact Broker for Details

Status: Sold

Stripes | John Ben | Odessa, TX

Amar Goli

704.275.3787
amar@SIGnnn.com

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$8 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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