Stripes Absolute NNN Lease

Stripes | Midland, TX

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,000 SF Stripes Absolute NNN Lease Investment Located at 3200 East State Highway 158 in Midland, 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 May 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

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