Gas Station & C-Store – 15-Year Absolute NNN
10,000+ Daily Vehicles | 60-Year Established Gas Station
Mason City, Iowa
$2,631,887
Price
8.50%
Cap Rate
$223,710
NOI
- 15-year absolute NNN lease to a 14-unit, rapidly growing operator
- Zero landlord responsibilities, hands-off investment
- 2% annual rent increases
- 60-year seasoned location
- Signalized corner, direct frontage to ~10,000+ vehicles per day
- 10,800+ daytime employees within a mile
- Proximate to downtown Mason City, Southbridge Mall, and MercyOne North Iowa Medical Center
- Primary daytime traffic corridor on US 65, Mason City's main north-south route
- 9,200+ residents within 1 mile
- Established Operator: About 10 years in business since its founding in 2016
- 14 Locations Open and Operating: A multi-site gas & c-store portfolio headquartered in Cedar Falls, Iowa
- Aggressive Growth Plan: Targeting 30 sites over the next couple of years, more than doubling its current footprint
- Experienced Operator: Focused on its core business of branded fuel paired with a full convenience-store offering
Advisors
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