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Views: 84 DOM: 99 Updated: 09.06.24 Posted: 07.03.24 Status: Contract 09.18.24

Summary

Price $5,698,500
Built/Renov 2011
Tenant Nouria Gas
Cap Rate 6.10%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,530
Lease Start 06-04-2011
#Units 169
Price/SF $1,614.31
Expiration 06-03-2031
Tenant Type Convenience/Gas
NOI $347,360
R. Term 6.7
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

Lease 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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Listing Broker

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