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DOM: 167 Updated: 02.26.25 Posted: 07.03.24 Status: Sold 12.17.24

Summary

Price $4,962,274 $5,698,500
Built/Renov 2011
Tenant Nouria Gas
Cap Rate 7.00% 6.10%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,530
Lease Start 06-04-2011
#Units 169
Price/SF $1,405.74 $1,614.31
Expiration 06-03-2031
Tenant Type Convenience/Gas
NOI $347,360
R. Term 6.0
Ownership Fee Simple
Rent/SF $98.40
Increases 10.0%/2/yrs
Pop 5Mi 83,615
Lot/AC 0.89
Options 5/5yrs/10%
AHHI 5Mi $146,808

Highlights

  • Nouria Gas has 6+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Nouria Gas is strategically located on River Road West, with access to 75,000 vehicles passing by daily. The property is a gas station and convenience store with a Dunkin’ Donuts, located near the intersection of Interstates 290 and 495. Additionally, it is situated in the southern section of town with direct visibility from the I-290 exit ramps and is the only gas station and convenience...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Nouria Energy
  • Guarantor:Corporate
  • Company:Nouria Energy
  • # Units:169
  • Stock:Private

About Tenant

Nouria Energy Corporation (Nouria) is a privately held company primarily engaged in the retail of gasoline, convenience store goods, and quick-service restaurants across the Northeastern United...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,308 19,783 85,569
2024 Total Population : 1,270 19,313 84,639
2024 Employed Civilian Pop : 644 10,892 47,225
2024 Total Businesses : 144 1,274 3,844
2024 Average Household Income : $ 172,777 $ 183,207 $ 158,216
2024 Total Consumer Spending : $ 65 M $ 1145 M $ 4440 M
2024 Median Age : 47 43 41
2024 Total Households : 448 7,412 32,919
2024 Pop Age 25+: Bachelor's Degree : 312 4,203 16,955
2024 Average Home Value : $ 715,104 $ 667,293 $ 621,968
*ESRI data is presented for informational purposes only

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