Chipley, FL - CrossAmerica Partners

Description:

• The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend
• The lease is corporate signed by CrossAmerica Partners, an established gas station operator with over 1,800 locations
• The lease features 7.5% rental increases every 5 years and at the beginning of each option, generating NOI and providing a hedge against inflation
• The site is equipped with 9 Tesla Supercharging stations and features a Burger King operating on the premises

• The asset is located at the signalized, hard corner intersection of Main Street and Nadia Avenue
• Directly Off I-10, allowing users to benefit from direct on/off ramp access to the site and surrounding trade area
• The immediate corridor is supported by surrounding retailers such as Walmart Supercenter, Wendy’s, McDonald’s, Popeyes, and more
• This Exxon location ranks in the top 92% (438 out of 5,752) of all locations nationwide according to Placer.ai
• $69,084 average household income within a 1-mile radius
• 45 miles North of Panama City and 84 miles West of Tallahassee