Wednesday, December 10, 2014

Stripes Convenience Store | Absolute NNN Corporate Lease | 12 Years Remaining | Established Hard Corner Location

Investment Highlights

Price: $3,237,000 Cap Rate: 6.75%

♦ Absolute Triple Net (NNN) Corporate Lease with 12 Years Remaining - Tenant Exercised First Option
♦ Established Hard Corner Location - Tenant has Been Operating at this Site Since 2003 
♦ Limited Gas/Convenience Competition in the Area 
♦ There are 580+ Stripes Stores Across Texas, New Mexico, and Oklahoma 
♦ Stripes (Susser Holdings Corporation) was Acquired by Energy Transfer Partners (Parent Company of Sunoco) on August 29, 2014 for $1.8 Billion

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