Gas Station & C-Store Portfolio

10 Properties, Available Individually or as a Portfolio, Miami, FL MSA
Deal Type:
Sale Leaseback
Price:
$38,871,624
Cap Rate:
6.95%
Current Rent:
$2,702,525
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options at 2.5% Escalators Through Renewal Terms
Rent Increases:
2.5% Annually

Investment Highlights

  • Bonus depreciation benefits for investors
  • Long-term, absolute triple net leases with 2.5% annual rent increases
  • Coveted urban locations benefit from great visibility, high traffic counts, and strong market density
  • Robust site-level EBITDAR/Rent coverage at each location
  • Stations have strong historical operating performance and exhibit high and sustainable margins, exceeding twenty cents per gallon
  • Proven station upgrade program both inside and out to rapidly grow revenue and earnings
  • Experienced management and operations teams with full-time on-site presence
  • Operator will be investing ~$150k in station upgrades at each site

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Broker of Record: Robert Jolly, Lic. #CQ1048374

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