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1099 Highway 167
Bernice, LA 71222

$1,859,075

Convenience Store For Sale  •  2,644 Sq Ft

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,644 Sq Ft
  • Lot Size 1.5 ac
  • Building Class C
  • Year Built 2011
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
0 Walk Score

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,644 SF Exxon Located at 1099 Highway 167 South in Bernice, Louisiana. This Brand New 20 Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities, Provides For a Great Investment Opportunity.

Highlights

Brand New 20 Year Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
2% Annual Rent Increases
Guarantor Supplied Over 165 Million Gallons of Fuel to Over 300 Locations During the 12-Month Period (Ended 12/31/2018)
Strong Store Performance – 2.25 x Rent Coverage
Four (4) x Five (5) Year Options to Renew
Blended CAP Rate of 8.50% Over Lease Term
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Exxon 2,644 SF 1/31/2039
Lea Riznyk 844-474-4666 Sands Investment Group Atlanta, LLC
Lea Riznyk 844-474-4666 Sands Investment Group Atlanta, LLC