Cross America Partners - Chipley FL | 1698 Main St
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Cross America Partners - Chipley FL 1698 Main St
6,681 SF Retail Building Chipley, FL 32428 £2,819,880 (£422/SF) 6.01% Net Initial Yield
Investment Highlights
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
- Brand New 20-Year Lease | Corporate Signed | Options to Extend | Rental Increases | 9 Tesla Charging Stations | Burger King Sublease
- Signalized, Hard Corner Intersection | Directly Off I-10 | Surrounding Retailers | Top-Performing Location | Large Parcel Size
Executive Summary
The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend
The lease is corporate signed by CrossAmerica Partners, an established gas station operator with over 1,800 locations
The lease features 7.5% rental increases every 5 years and at the beginning of each option, generating NOI and providing a hedge against inflation
The site is equipped with 9 Tesla Supercharging stations and features a Burger King operating on the premises
The lease is corporate signed by CrossAmerica Partners, an established gas station operator with over 1,800 locations
The lease features 7.5% rental increases every 5 years and at the beginning of each option, generating NOI and providing a hedge against inflation
The site is equipped with 9 Tesla Supercharging stations and features a Burger King operating on the premises
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,681 SF
Building Class
C
Year Built
1995
Price
£2,819,880
Price Per SF
£422
Net Initial Yield
6.01%
NOI
£169,584
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
2.33 AC
Amenities
- Signalised Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00000000-00-2341-0005 | Improvements Assessment | £690,065 |
| Land Assessment | £250,514 | Total Assessment | £940,580 |
PROPERTY TAXES
Parcel Number
00000000-00-2341-0005
Land Assessment
£250,514
Improvements Assessment
£690,065
Total Assessment
£940,580
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Cross America Partners - Chipley FL | 1698 Main St
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