Absolute Net Lease (Long Term Gas Station and C-Store)

Very rare offering of absolute net lease with long term tenant in place.  Tenant has been in place 45+ years with absolute net lease agreement running through 11/30/2029 and an additional 5 year option to extend through 11/30/2034 (extension requires 10% rent escalation). Tenant pays all expenses including property taxes, insurance, maintenance, repairs, utilities, etc.

If your client is looking for minimal landlord responsibilities with long term, stable tenancy this is the opportunity.  7.75% cap rate and up to two similar properties may be purchased as a portfolio.  All are Alon Gas Stations combined with nicely remodeled DK Convenience Stores.