Overview

Description

• The tenant has 21 years remaining on their original 23-year lease
• 2% annual rental increases throughout the initial term and CPI annual increases throughout options to extend, increasing NOI and hedging against inflation
• The lease is guaranteed by Trinity Petro LLC
• The lease includes 2 (10-year) options to extend, demonstrating their long-term commitment to the site

• Subject property is strategically located at the signalized, hard corner intersection of NW 37th Avenue and NW 167th Street, averaging a combined 40,700 VPD
• Chevron is positioned directly off Palmetto Expressway (155,500 VPD), a bypass route serving the greater Miami trade area
• Near St. Thomas University, a private Catholic university with nearly 10,000 students enrolled
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers

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