USA 2 GO Sale-Leaseback Portfolio

Various locations

Description

JLL is pleased to exclusively offer for sale the USA 2 GO Sale-Leaseback Portfolio, which comprises 8 convenience store and gas locations – totaling 35,972 SF – across the state of Michigan (the “Portfolio” or “Properties”). The Properties are 100% occupied by USA 2 GO Quick Stores, Inc. (“USA 2 GO” or “Tenant”) – the premium convenience and gas (“C&G”) operator throughout Michigan with 25 total locations.

The Tenant will commit to a 20-year initial lease term with an absolute triple-net master lease structure, creating an attractive passive income opportunity for single-tenant investors who seek growing, long-term cash flow, guaranteeing $1.2 million in total rent from USA 2 GO, with attractive rent increases of 10.0% every 5-years and four (4) x 5-year renewal options.

Investors may bid on the entire Portfolio; bids for individual locations will not be accepted. There will be a Call for Offers in the coming weeks, which will be communicated to all interested investors in due time.

...

Attributes

Building area gross

35,972 sf

Land area gross

19.7 acres

NOI

£889,000

Rent PSF

£24.68

Lease type

Absolute NNN Master

WALT

20 years

Annual escalations

10.0% Every 5-Years

USA 2 GO Sale-Leaseback Portfolio (8 Properties)

Media

Investment Highlights

USA 2 GO Quick Stores, Inc. as corporate guarantor - 25-unit c-store operator with 23+ years of successful operating history
Absolute NNN 20-year master lease structure, creating a passive income opportunity for single-tenant investors seeking $1.2M+ in long-term, annual cash flow
Attractive 10.0% rental escalations every 5-years
Properties are strong performers with combined 4-wall EBITDAR rent coverage of 2.0x
Properties are strategically located in residential-oriented communities with minimal fueling options and near Michigan's main roadways
All Properties in the Portfolio were acquired after 2019 and 5 of the Properties have been fully-renovated since then
Large, average lot size of 2.6-acres