|CAP RATE: 5.0%
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Maverik investment property located in Salt Lake City, Utah. The tenant, Maverik, Inc., has approximately 7.5 years remaining in their initial term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Maverik fuels adventures in more than 350 locations across 11 western states, making it the largest independent fuel marketer in the Intermountain West.
Maverik Gas Station is located at the signalized, hard corner intersection of E 2700 South and S 2000 East, averaging a combined 21,400 vehicles passing by daily. The property features a Maverik branded convenience store with an 8-pump gas station that is ideally situated just off Interstate 80 (101,000 VPD), a major commuter thoroughfare traveling through Salt Lake City. The asset benefits from excellent visibility via significant street frontage and a large pylon sign. In addition, the gas station is strategically located within 2 miles of Sugarhouse Shopping Center (93,070 SF) and Brickyard Plaza (70,429 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The Salt Lake City retail trade area is home to a variety of national/credit tenants including Walmart Supercenter, The Home Depot, Kohl’s, OfficeMax, T.J. Maxx, Dollar Tree, Walgreens, and more, further increasing exposure and crossover synergy for the site. Moreover, the subject property is within 2 miles of Highland High School (2,985 students) and Westminster College (1,300 students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 281,000 residents and 232,000 daytime employees. Residents within 1 mile of the site boast an affluent average household income of $122,000.