Building Details:
• Year Built: 1961
12755 US-27 is aretail property located in Greenville, FL. The property currently has 1 retail space for lease and is marketed by .
THIS FULLY RENOVATED BP STATION IS LOCATED IN GREENVILLE FLORIDA, JUST A FEW MILES FROM TALLAHASSEE, FLORIDA. TALLAHASSEE, THE STATE CAPITAL, IS ONE OF THE FASTEST-GROWING MARKETS IN ALL OF FLORIDA. THE PROPERTY SITS DIRECTLY ON US HWY 27, ONE OF THE LARGEST HIGHWAYS IN THE STATE!
- Available Spaces
Suite | Space Type | Pricing | Size |
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For lease: Negotiable | |
THIS FULLY RENOVATED BP STATION IS LOCATED IN GREENVILLE FLORIDA, JUST A FEW MILES FROM TALLAHASSEE, FLORIDA. TALLAHASSEE, THE STATE CAPITAL, IS ONE OF THE FASTEST-GROWING MARKETS IN ALL OF FLORIDA. THE PROPERTY SITS DIRECTLY ON US HWY 27, ONE OF THE LARGEST HIGHWAYS IN THE STATE! THE PROPERTY IS THE ONLY SERVICE STATION FOR 10+ MILES ON THIS EXTREMELY BUSY HIGHWAY! THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH AN 6-PUMP SERVICE STATION, A BRAND-NEW SIGNATURE BPTO-GO C-STORE, A NEW (20-YEAR) LEASE, AND AN EXTREMELY STRONG TENANT IN PLACE! THIS IS A SAFE AND EASY WAY TO MAKE A (6.6% TO 10%) RETURN FOR THE NEXT 20 YEARS! THE TENANT HAS AN EXTREMELY STRONG BUSINESS MODEL WITH PROVEN HISTORICAL SUCCESS AND HAS BEEN IN THIS BUSINESS FOR OVER 35 YEARS. THEY CURRENTLY OPERATE OVER 26 STATIONS IN THE AREA AND HAVE EXTREMELY STRONG FINANCIALS. THIS NEW BP STATION IS THE ONLY SERVICE STATION WITHIN A 10-MILE RADIUS, MAKING THIS A POPULAR STOP FOR CUSTOMERS IN THE AREA! THE TENANT HAS SPENT OVER $350,000 IMPROVING THE STATION IN 2022! A BUYER WILL INSTANTLY OBTAIN A 6.6% CAP RATE ON DAY ONE, AND WITH THE INCREASES IN PLACE, A BUYER WILL OBTAIN A 7.2%+ CAP RATE BY YEAR 5! BY 2031, A BUYER WILL OBTAIN A CAP RATE OF OVER 9% AND BY THE END OF THE LEASE A BUYER WILL BE ABLE TO OBTAIN A CAP RATE OF OVER 10%! THIS KIND OF RETURN WITH AN EXTREMELY STRONG TENANT IS IMPOSSIBLE TO FIND ANYWHERE ELSE! CURRENTLY, THE PROPERTY HAS A BRAND NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WILL BE SIGNED AT CLOSING AND GOES THROUGH 2041. THE RENTAL RATE STARTS AT $8,650 (PER MONTH) IN 2022 AND WILL INCREASE BY 10% EVERY 5 YEARS UNTIL THE END OF THE 20-YEAR TERM. FURTHERMORE, THE TENANT HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY AND FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED BOTH PERSONALLY AND BY THE COMPANY AND BACKED BY A BP GAS AGREEMENT THROUGHOUT THE LIFE OF THE LEASE. THIS IS THE PERFECT INVESTMENT OPPORTUNITY FOR SOMEONE LOOKING TO LOCK IN A STRONG LONG-TERM INCOME, ($103,800) MINIMUM PER YEAR, WITH A STRONG AND PROVEN TENANT. THE OPERATOR (TENANT) HAS MANY OTHER GAS STATIONS IN THE SURROUNDING AREA AND HAS BEEN RUNNING AND OPERATING GAS STATIONS FOR OVER 35 YEARS. THEY ARE SEASONED PROFESSIONALS WHO HAVE A STRONG TRACK RECORD AND A PROVEN BUSINESS MODEL THAT HAS BEEN WORKING FOR YEARS! THE CURRENT SITE DOES AN AVERAGE OF APPROXIMATELY (55,00 GALLONS) PER MONTH AT THIS LOCATION, NOT TO MENTION THE AMAZING STORE SALES OF OVER ($75,000) IN THE NATIONALLY BRANDED AND RECENTLY REMODELED “BP TO GO C-STORE” THAT SITS IN THE REAR OF THE PROPERTY! THE ADDITION OF THE BRAND-NEW “BP TO GO C-STORE” WILL SIGNIFICANTLY INCREASE STORE SALES AT THE PROPERTY IN THE FUTURE. A BRAND NEW STATE-OF-THE-ART TRULIEVE FACILITY WAS BUILT IN 2021, JUST A FOUR AND A HALF MILES AWAY WITH OVER 8,000 EMPLOYEES BRINGING EVEN MORE TRAFFIC TO THE STATION AND SURROUNDING AREA. ONE MAJOR ADVANTAGE FOR AN INVESTOR IS HOW EASY THIS ASSET IS TO MANAGE. DUE TO THE FACT THAT THE TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUDING BUT NOT LIMITED TO, ALL PROPERTY REPAIRS, MAINTENANCE, UTILITIES, ALL OTHER CAM CHARGES, PROPERTY TAXES, AND INSURANCE AT THE PROPERTY. THIS ASSET IS VERY EASY TO MANAGE AND MAINTAIN FOR A BUYER WHO LIVES IN THE AREA OR EVEN AN OUT-OF-STATE INVESTOR! IT IS VIRTUALLY IMPOSSIBLE TO FIND ANY NATIONALLY BRANDED PURE NNN STATION ON THE MARKET PRODUCING A (6.6%-10%) CAP RATE LOCKED IN FOR THE NEXT 20 YEARS ANYWHERE ELSE. THIS OPPORTUNITY WILL NOT LAST LONG AS THE SECURITY OF THE TENANT IS IN PLACE AND THE RENTAL UPSIDE IS IMPOSSIBLE TO FIND ANYWHERE IN THIS MARKET. THE RECENT UPGRADES AND RENOVATIONS ONLY ADD TO THE VALUE-ADD NATURE OF THIS AMAZING ASSET! THIS FANTASTIC INVESTMENT OPPORTUNITY GETS EVEN BETTER AS THE CURRENT LEASE IN PLACE IS PURE NNN AND THE OWNER IS NOT RESPONSIBLE FOR ANY EXPENSES AT THE PROPERTY. PER THE LEASE, THE TENANT IS RESPONSIBLE FOR ALL PROPERTY TAX, INSURANCE, CAM CHARGES, MAINTENANCE, APPLICABLE SALES TAX, AND ALL REPAIR AND MAINTENANCE AT THE PROPERTY. THE TENANT IS ALSO FULLY RESPONSIBLE FOR ALL REPAIRS AND, MAINTENANCE AT THE BRAND NEW NATIONALLY BRANDED “BP TO GO” C-STORE. THIS ALSO INCLUDES THE NEW ROOF AND HVAC UNIT WHICH SITS ON TOP OF THE C-STORE WHICH WAS REPLACED IN 2020. FURTHERMORE, THE TENANT HAS AGREED TO REPAIR AND MAINTAIN THE ROOF, OUTSIDE WALLS, FOUNDATION, STRUCTURAL PORTIONS, GAS PUMPS, FUEL TANKS, THE NEW CANOPY, SEWAGE SYSTEMS, AND THE PARKING LOT. THE TENANT IS ALSO RESPONSIBLE FOR ALL UTILITIES, TRASH, WATER, SEWER, AND ALL SERVICES AND SERVICE AGREEMENTS IN PLACE AT THE PROPERTY. THIS LEAVES THE BUYER IN A GREAT POSITION AS THEY ARE NOT RESPONSIBLE FOR ANY OPERATING EXPENSES OR REPAIRS AND MAINTENANCE AT THE PROPERTY IN THE FUTURE. THIS PROPERTY IS IN FANTASTIC CONDITION AS THE OWNERS SIGNIFICANTLY UPGRADED THE PROPERTY IN 2022! RECENT UPDATES INCLUDE A NEW HVAC SYSTEM, NEW ROOF, A NEW SIGNATURE “BP TO GO” CONVENIENCE STORE (INTERIOR UPDATED AS WELL AS EXTERIOR, NEW CANOPY, NEW FUEL TANKS & FUEL PUMPS, AS WELL AS NEW EXTERIOR AND INTERIOR PAINT! THE BP- TOGO C-STORE WILL BE STATE OF THE ART WITH LARGE SIGNAGE THAT CAN BE SEEN DRIVING UP THE HIGHWAY! A BUYER CAN EASILY PURCHASE THIS ASSET AND HAVE APPROXIMATELY ZERO CAPEX EXPENSES FOR THE NEXT 20 YEARS! « show less
THIS FULLY RENOVATED BP STATION IS LOCATED IN GREENVILLE FLORIDA, JUST A FEW MILES FROM TALLAHASSEE, FLORIDA. TALLAHASSEE, THE STATE CAPITAL,... show more » View Details
THIS FULLY RENOVATED BP STATION IS LOCATED IN GREENVILLE FLORIDA, JUST A FEW MILES FROM TALLAHASSEE, FLORIDA. TALLAHASSEE, THE STATE CAPITAL, IS ONE OF THE FASTEST-GROWING MARKETS IN ALL OF FLORIDA. THE PROPERTY SITS DIRECTLY ON US HWY 27, ONE OF THE LARGEST HIGHWAYS IN THE STATE! THE PROPERTY IS THE ONLY SERVICE STATION FOR 10+ MILES ON THIS EXTREMELY BUSY HIGHWAY! THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH AN 6-PUMP SERVICE STATION, A BRAND-NEW SIGNATURE BPTO-GO C-STORE, A NEW (20-YEAR) LEASE, AND AN EXTREMELY STRONG TENANT IN PLACE! THIS IS A SAFE AND EASY WAY TO MAKE A (6.6% TO 10%) RETURN FOR THE NEXT 20 YEARS! THE TENANT HAS AN EXTREMELY STRONG BUSINESS MODEL WITH PROVEN HISTORICAL SUCCESS AND HAS BEEN IN THIS BUSINESS FOR OVER 35 YEARS. THEY CURRENTLY OPERATE OVER 26 STATIONS IN THE AREA AND HAVE EXTREMELY STRONG FINANCIALS. THIS NEW BP STATION IS THE ONLY SERVICE STATION WITHIN A 10-MILE RADIUS, MAKING THIS A POPULAR STOP FOR CUSTOMERS IN THE AREA! THE TENANT HAS SPENT OVER $350,000 IMPROVING THE STATION IN 2022! A BUYER WILL INSTANTLY OBTAIN A 6.6% CAP RATE ON DAY ONE, AND WITH THE INCREASES IN PLACE, A BUYER WILL OBTAIN A 7.2%+ CAP RATE BY YEAR 5! BY 2031, A BUYER WILL OBTAIN A CAP RATE OF OVER 9% AND BY THE END OF THE LEASE A BUYER WILL BE ABLE TO OBTAIN A CAP RATE OF OVER 10%! THIS KIND OF RETURN WITH AN EXTREMELY STRONG TENANT IS IMPOSSIBLE TO FIND ANYWHERE ELSE! CURRENTLY, THE PROPERTY HAS A BRAND NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WILL BE SIGNED AT CLOSING AND GOES THROUGH 2041. THE RENTAL RATE STARTS AT $8,650 (PER MONTH) IN 2022 AND WILL INCREASE BY 10% EVERY 5 YEARS UNTIL THE END OF THE 20-YEAR TERM. FURTHERMORE, THE TENANT HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY AND FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED BOTH PERSONALLY AND BY THE COMPANY AND BACKED BY A BP GAS AGREEMENT THROUGHOUT THE LIFE OF THE LEASE. THIS IS THE PERFECT INVESTMENT OPPORTUNITY FOR SOMEONE LOOKING TO LOCK IN A STRONG LONG-TERM INCOME, ($103,800) MINIMUM PER YEAR, WITH A STRONG AND PROVEN TENANT. THE OPERATOR (TENANT) HAS MANY OTHER GAS STATIONS IN THE SURROUNDING AREA AND HAS BEEN RUNNING AND OPERATING GAS STATIONS FOR OVER 35 YEARS. THEY ARE SEASONED PROFESSIONALS WHO HAVE A STRONG TRACK RECORD AND A PROVEN BUSINESS MODEL THAT HAS BEEN WORKING FOR YEARS! THE CURRENT SITE DOES AN AVERAGE OF APPROXIMATELY (55,00 GALLONS) PER MONTH AT THIS LOCATION, NOT TO MENTION THE AMAZING STORE SALES OF OVER ($75,000) IN THE NATIONALLY BRANDED AND RECENTLY REMODELED “BP TO GO C-STORE” THAT SITS IN THE REAR OF THE PROPERTY! THE ADDITION OF THE BRAND-NEW “BP TO GO C-STORE” WILL SIGNIFICANTLY INCREASE STORE SALES AT THE PROPERTY IN THE FUTURE. A BRAND NEW STATE-OF-THE-ART TRULIEVE FACILITY WAS BUILT IN 2021, JUST A FOUR AND A HALF MILES AWAY WITH OVER 8,000 EMPLOYEES BRINGING EVEN MORE TRAFFIC TO THE STATION AND SURROUNDING AREA. ONE MAJOR ADVANTAGE FOR AN INVESTOR IS HOW EASY THIS ASSET IS TO MANAGE. DUE TO THE FACT THAT THE TENANT IS RESPONSIBLE FOR ALL EXPENSES INCLUDING BUT NOT LIMITED TO, ALL PROPERTY REPAIRS, MAINTENANCE, UTILITIES, ALL OTHER CAM CHARGES, PROPERTY TAXES, AND INSURANCE AT THE PROPERTY. THIS ASSET IS VERY EASY TO MANAGE AND MAINTAIN FOR A BUYER WHO LIVES IN THE AREA OR EVEN AN OUT-OF-STATE INVESTOR! IT IS VIRTUALLY IMPOSSIBLE TO FIND ANY NATIONALLY BRANDED PURE NNN STATION ON THE MARKET PRODUCING A (6.6%-10%) CAP RATE LOCKED IN FOR THE NEXT 20 YEARS ANYWHERE ELSE. THIS OPPORTUNITY WILL NOT LAST LONG AS THE SECURITY OF THE TENANT IS IN PLACE AND THE RENTAL UPSIDE IS IMPOSSIBLE TO FIND ANYWHERE IN THIS MARKET. THE RECENT UPGRADES AND RENOVATIONS ONLY ADD TO THE VALUE-ADD NATURE OF THIS AMAZING ASSET! THIS FANTASTIC INVESTMENT OPPORTUNITY GETS EVEN BETTER AS THE CURRENT LEASE IN PLACE IS PURE NNN AND THE OWNER IS NOT RESPONSIBLE FOR ANY EXPENSES AT THE PROPERTY. PER THE LEASE, THE TENANT IS RESPONSIBLE FOR ALL PROPERTY TAX, INSURANCE, CAM CHARGES, MAINTENANCE, APPLICABLE SALES TAX, AND ALL REPAIR AND MAINTENANCE AT THE PROPERTY. THE TENANT IS ALSO FULLY RESPONSIBLE FOR ALL REPAIRS AND, MAINTENANCE AT THE BRAND NEW NATIONALLY BRANDED “BP TO GO” C-STORE. THIS ALSO INCLUDES THE NEW ROOF AND HVAC UNIT WHICH SITS ON TOP OF THE C-STORE WHICH WAS REPLACED IN 2020. FURTHERMORE, THE TENANT HAS AGREED TO REPAIR AND MAINTAIN THE ROOF, OUTSIDE WALLS, FOUNDATION, STRUCTURAL PORTIONS, GAS PUMPS, FUEL TANKS, THE NEW CANOPY, SEWAGE SYSTEMS, AND THE PARKING LOT. THE TENANT IS ALSO RESPONSIBLE FOR ALL UTILITIES, TRASH, WATER, SEWER, AND ALL SERVICES AND SERVICE AGREEMENTS IN PLACE AT THE PROPERTY. THIS LEAVES THE BUYER IN A GREAT POSITION AS THEY ARE NOT RESPONSIBLE FOR ANY OPERATING EXPENSES OR REPAIRS AND MAINTENANCE AT THE PROPERTY IN THE FUTURE. THIS PROPERTY IS IN FANTASTIC CONDITION AS THE OWNERS SIGNIFICANTLY UPGRADED THE PROPERTY IN 2022! RECENT UPDATES INCLUDE A NEW HVAC SYSTEM, NEW ROOF, A NEW SIGNATURE “BP TO GO” CONVENIENCE STORE (INTERIOR UPDATED AS WELL AS EXTERIOR, NEW CANOPY, NEW FUEL TANKS & FUEL PUMPS, AS WELL AS NEW EXTERIOR AND INTERIOR PAINT! THE BP- TOGO C-STORE WILL BE STATE OF THE ART WITH LARGE SIGNAGE THAT CAN BE SEEN DRIVING UP THE HIGHWAY! A BUYER CAN EASILY PURCHASE THIS ASSET AND HAVE APPROXIMATELY ZERO CAPEX EXPENSES FOR THE NEXT 20 YEARS! |
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