Shell Gas Station & C-Store
7770 W 199th Street, Stilwell, KS 66085

$1,244,000· Single Tenant

Investment Highlights

  • Triple Net Lease - No Landlord Responsibilities
  • New 15 Year Lease With 2% Annual Rental Increases
  • Strong Gas Sales Supported By Location Off Hwy 69
  • One - Ten Year Option To Extend Initial Term
  • Operator Has Personal Guarantee (Operates Nine Locations)
  • Over 10,000 Residents Within Five Miles With An Average Household Income of $133,087

The investment consists of a 2,887 square foot, single tenant gas station and convenience store. The building was built in 1967 and sits on a 2.37 Acre parcel. The operator just signed a 15 year lease with one - ten year lease extension option. Currently there are over 14 years remaining. Each September 1st the rent will increase 2% throughout the existing term and during the option if picked up. The structure of the lease is triple-net leaving the landlord with no responsibilities whatsoever. The tenant pays for taxes, insurance, cam, repairs and replacements.

The operator of this location has nine stores and has signed a personal guarantee.

The subject property is located directly off highway 69 and is the only gas station directly off highway 69. Stilwell is a small unincorporated community in Johnson County Kansas. It is a southern outlying suburb of Kansas City. Within five miles of the subject property there are over 10,000 residents with an average household income of $133,087.

Location

Agent

Jeff Rowlett

jeff.rowlett@marcusmillichap.com
262 364 1924

Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Mr. Rowlett is widely recognized as a leading investment properties specialist. His expertise is in understanding the capital markets, knowing..

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