Tenant: TA Express | Fairview, KS
Premises: 16,203 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 20 Years From Close of Escrow
Lease Type: NNN
Rental Increases: 2% Increases Annually
Sands Investment Group is Pleased to Present Exclusively For Sale the 16,203 SF TA Express NNN Asset Located at 201 W Old Highway 75 in Fairview, KS. This Deal Includes Recently Renovated TA With an Absolute Triple Net (NNN) 20 Year Lease to Commence at Close of Escrow and Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Kansas, LLC – Lic. #CO00002897 BoR: Max Freedman – Lic. KS #241927
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Las Vegas Petroleum specializes in the development and operations of gas stations and convenience stores in the Las Vegas and Arizona Markets. The company has acquired & rehabbed or developed and then sold over 40 locations in the last 12 years. Tenant operates four (4) high volume Travel America Truck Stops in AZ, CO, MO, and ID, as well as developing three (3) $30 million ground up Travel America Truck Stops. In addition to retail operations, LVP operates a wholesale fuel distributor in that supplies 76, Philips and Conoco branded gasoline as well as unbranded fuels. They currently supply over one million gallons per month to 32 locations.
Partner Val Amiel & Guy Madmen have over 15 years of experience in the retail industry that includes gas stations and convenience stores, travel centers, multi-unit car wash operations and deli & food service. In addition to managing over 55 sites during this period with more than 500 employees, Guy and Val are also partners in Service Station & Compliance which is a contractor specializing in the installation of underground storage tank systems, MPD’s, fuel court canopies as well ongoing testing and compliance.