Address: 3749 Pat Thomas Parkway, QUINCY, FL 32351
Description
Exceptional net leased gas station investment | in prime i 10 corridor
tenant is a multi unit operator with a strong mobile/citgo brand. High performing local operator: the tenant operates over 40 successful gas station and convenience store locations across florida and georgia. Known for outstanding operational standards, the group has a proven record of revenue growth, compliance, and customer satisfaction. Long term nnn lease: 17 years remaining on a 20 year absolute triple net lease with zero landlord responsibilities. Strong passive income: current net operating income (noi) of $92,400 with $350 fixed annual increases, generating increasing cash flow over time. Fully renovated facility: recent improvements include new fuel pumps, led canopy lighting, modernized convenience store interior. Improvements: new fuel dispensers,upgraded hvac, ada compliant restrooms, pos system, modern interior shelving and refrigeration units, exterior security cameras, and updated landscaping. Productive and profitable operation: high monthly sales volume for both fuel and retail convenience items. Popular with both locals and long distance travelers. National branding: mobil branded fuel station with mobile supply chain support. Professional signage and fuel canopy provide strong curb appeal. High traffic location: located just off i 10 with daily traffic counts exceeding 15,000 vehicles. Prime positioning for both local and interstate service. Future upside: fixed annual rent increases provide a reliable hedge and increasing investor returns over time. Lease type: absolute triple net (nnn)
lease term remaining: 17 years
annual escalations: $350 fixed annual increase
current noi: $92,400
building size: approx. 1876 sq. Ft. Lot size: approx. 1. 00 acre
parking: 810 surface spaces
year built: 1982 (renovated)
zoning: commercial
location highlights
regional access: located directly off i 10, one of floridas major east west interstates, with seamless ingress/egress from pat thomas parkway. Local market: quincy is the county seat of gadsden county and forms part of the rapidly growing tallahassee metropolitan statistical area. Nearby tenants: cvs, family dollar, pizza hut, fast food chains, hospitality providers, and local retail. Traffic count: estimated 15,000+ vehicles a day; captures both local residents and transient highway traffic. Population growth: the quincy tallahassee corridor continues to attract residential development and logistics traffic. Essential service: the station is a key fuel and retail stop for local commuters, long haul drivers, and travelers on i 10. Strong daily foot traffic.
Exceptional net leased gas station investment | in prime i 10 corridor
tenant is a multi unit operator with a strong mobile/citgo brand. High performing local operator: the tenant operates over 40 successful gas station and convenience store locations across florida and georgia. Known for outstanding operational standards, the group has a proven record of revenue growth, compliance, and customer satisfaction. Long term nnn lease: 17 years remaining on a 20 year absolute triple net lease with zero landlord responsibilities. Strong passive income: current net operating income (noi) of $92,400 with $350 fixed annual increases, generating increasing cash flow over time. Fully renovated facility: recent improvements include new fuel pumps, led canopy lighting, modernized convenience store interior. Improvements: new fuel dispensers,upgraded hvac, ada compliant restrooms, pos system, modern interior shelving and refrigeration units, exterior security cameras, and updated landscaping. Productive and profitable operation: high monthly sales volume for both fuel and retail convenience items. Popular with both locals and long distance travelers. National branding: mobil branded fuel station with mobile supply chain support. Professional signage and fuel canopy provide strong curb appeal. High traffic location: located just off i 10 with daily traffic counts exceeding 15,000 vehicles. Prime positioning for both local and interstate service. Future upside: fixed annual rent increases provide a reliable hedge and increasing investor returns over time. Lease type: absolute triple net (nnn)
lease term remaining: 17 years
annual escalations: $350 fixed annual increase
current noi: $92,400
building size: approx. 1876 sq. Ft. Lot size: approx. 1. 00 acre
parking: 810 surface spaces
year built: 1982 (renovated)
zoning: commercial
location highlights
regional access: located directly off i 10, one of floridas major east west interstates, with seamless ingress/egress from pat thomas parkway. Local market: quincy is the county seat of gadsden county and forms part of the rapidly growing tallahassee metropolitan statistical area. Nearby tenants: cvs, family dollar, pizza hut, fast food chains, hospitality providers, and local retail. Traffic count: estimated 15,000+ vehicles a day; captures both local residents and transient highway traffic. Population growth: the quincy tallahassee corridor continues to attract residential development and logistics traffic. Essential service: the station is a key fuel and retail stop for local commuters, long haul drivers, and travelers on i 10. Strong daily foot traffic.
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