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Get In TouchFast Stop | Silver City, NM (W 12th St)
Fast Stop Management
123 West 12th Street, Silver City, NM 88061, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,160 SF Fast Stop Absolute NNN Asset Located at 123 West 12th Street in Silver City, NM. This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant, Providing the Landlord With a Steady and Dependable Income, Providing For a Secured Investment.
- ABSOLUTE TRIPLE NET LEASE STRUCTURE: This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant (Zero Landlord Responsibility) and Providing the Landlord With a Steady and Dependable Income
- RENTAL INCREASES: The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value and Hedge Against Inflation
- RENT COVERAGE RATIO: Fast Stops’s Impressive Portfolio Contributes to an Outstanding Rent Coverage Ratio, Indicating a Strong Desire to Grow While Providing Comfort to Their Customer Base and Investors Alike
- GUARANTEE: The Lease is Guaranteed Corporately By Fast Stop Management and Personally By Fast Stop CEO
- TENANT STABILITY: Fast Stop, a Reputable Tenant With a Robust Portfolio, is Growing at a Sustainable Pace While Upholding Their Reputation of Clean, Well Stocked and High Performing Businesses in Many Communities
- LONG TERM OPERATING HISTORY: These Well Established Stores Have Not Only Stood the Test of Time, Boasting a Remarkable 20+ Years of Commitment to the Community, But Also Have Upheld a Stellar Reputation and Remained Highly Profitable
- TAX INCENTIVES: C-Store Investments Offer Increased Depreciation Expenses, Providing For a Major Tax Incentive (Consult Your CPA)
- DUE DILIGENCE: Upon Execution of the Purchase and Sale Agreement, the Seller Will Provide a Full Due Diligence Folder at No Cost to the Buyer
In Cooperation With Sands Investment Group Lic. #9623 BoR: Andrew Ackerman – Lic. NM #20310
Fast Stop Management
123 West 12th Street, Silver City, NM 88061, USA
FAST STOP
With decades of experience, Fast Stop has an incredible reputation for quality, consistency & services and is now becoming one of the fastest growing brands in the region. Fast Stop is not just a Convenience Store and Fuel Company, one of the secrets to their success is their own branded fast food concept that drives revenue and profit. They pride themselves on made from scratch food; family recipes made with love that nourishes their community.
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Price
$2,176,000
Cap Rate
7.50%
PREMISES
2,160 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
10/31/2043
Lease Type
Absolute NNN
RENTAL INCREASES
2% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.