Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
59 860 mètres carrés
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the single-tenant Refuel Market convenience store and gas station located at 3075 North Fraser St, Georgetown, SC 29440 (the “Property” or “Asset”). The Property will be long-term leased via sale-leaseback to Refuel Market, the premium fast-growing convenience and gas (“C&G”) operator throughout the Southeast United States.
Upon close of this transaction, Refuel Operating Company LLC (the “Tenant”) will commit to a 20-year absolute NNN lease with 10% contractual rent escalations every 5-years and four (4) x 5-year renewal options – creating a completely passive, growing, long-term income stream for the landlord.
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Attributs
Superficie du bâtiment nette
450 mètres carrés
Occupation
100 %
Année de construction
2025
Superficie du terrain brute
1,38 ha
WAULT
20 années
Prix demandé
8 786 000 $
Taux de capitalisation
6,55 %
RNI
576 000 $
Type de bail
Triple Net Absolu
Média
Points forts de l'investissement
- EXCELLENT LOCATION ON PREMIER CORNER: Situated at the intersection of SC-51 and SC-701 with exposure to over 19,500 vehicles per day, the Property sits along the gateway into Georgetown - the preferred location for upscale residents and vacationing out-of-towners.
- OPTIMAL LEASE ECONOMICS: Upon close of this transaction, the Tenant will commit to a 20-Yr Absolute NNN Lease with 10.0% rent bumps every 5-Yrs, and (4) 5-Yr renewal options - creating a completely passive, growing, and long-term income stream for the landlord from a committed tenant.
- STRATEGICALLY POSITIONED BY REFUEL: Refuel's management team strategically selected this site for its new construction state-of-the-art store - following indications it is an underserved area north of Georgetown. This site was uniquely constructed as a new-gen convenience store with many advanced integrations - all of which help to solidify it as a long-term mainstay in Georgetown, SC.
- CORPORATE-LEVEL GUARANTEE: The Tenant of this Property, Refuel Operating Company LLC, serves as the guarantor for all Refuel Market locations.
- OPERATOR OF SCALE: Refuel Market is a premium retail fuel and convenience store brand, operating across 5 states, with ~2,600 active employees, 234 current locations, and 17 C-store acquisitions completed since 2019. The nationally-recognized brand is bolstered by leadership experience from platforms such as RaceTrac, Speedway, ExxonMobil, Starbuck's, and McDonald's.
- BONUS DEPRECIATION: Accelerated tax savings through cost segregation study -- 40% in 2025.
- RAPID GROWTH IN GEORGETOWN: While surrounding markets are experiencing immense population growth -- Charleston has grown 14% since 2010 and Myrtle Beach was named the fastest-growing U.S. city for the 3rd year in a row -- the Georgetown market has become the preferred location for upscale residents and travelers alike. The County has seen 49% growth in home value over the past 5 years, 4,150+ units in proposed and recent development projects, all while being named the #1 Best Beach in South Carolina and #1 Best Coastal Small Town in America (USA Today, 2024).
Contactez les courtiers
Refuel Market Sale-Leaseback - Georgetown, SC (0 Propriétés)
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Dernière mise à jour
24 janv. 2025
