Maverik - Conway, AR

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in Maverik located at 4095 Prince Street, Conway, AR (the "Property" or "Asset"). Maverik operates under a 20-year absolute NNN lease with approximately 8.3 years of primary lease term remaining, featuring 7.5% rent escalations every five-years, four (4) five-year renewal options, and zero landlord responsibilities. Maverik is eligible for 100% bonus depreciation due to its strong site-level performance and healthy fuel sales.

Maverik is a best-in class convenience and gas company headquartered in Salt Lake City, Utah. The company currently serves customers across 21 states operating 840+ locations across the country. Maverik’s growth has been supported by strategic acquisitions, in August of 2023 the company announced the acquisition of Kum & Go, another convenience and gas operator with more than 400 locations across 12 states. Together under the combined branding of Maverik, they form the largest independent fuel marketer in the Intermountain West. The property is strategically located only four miles from downtown Conway, Arkansas which is 35 miles north of downtown Little Rock.

The Asset is positioned at the hard corner intersection of Prince Street and Hogan Lane with direct visibility to more than 35,000 vehicles per day. Well-situated within the city of Conway, the location offers access to three universities and six additional high-ed institutions within a 50-mile radius.

The Property is surrounded by upper-middle-income residential communities with an average household income exceeding $117,000 within a one-mile radius. With population growth of 13% within five-miles, the area is experiencing significant development activity. The market is expected to add three new commercial sites totaling over 400 acres, along with Westrock Coffee’s recent manufacturing facility expansion that added an additional $300+ million in new investment.

This unique opportunity allows investors to acquire long-term passive income from an experienced gas and c-store tenant with a significant geographic footprint.