Portfolio

MEQ C&G Sale-Leaseback

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Key facts

Building Area Net
Land Area Net ()
Occupancy 100.0 %

Portfolio description

JLL is pleased to offer for sale the fee simple interest in the MEQ C&G Sale-Leaseback, consisting of two (2) convenience store & gas station ("C&G") locations in the attractive Las Vegas MSA, available for sale as a portfolio or as individual offerings.

MEQ C&G LLC ("MEQ" or the "Tenant") has established itself as a preeminent regional C&G operator with a strong pipeline of locations under management across Nevada. The Tenant will sign a 20-year absolute NNN lease, commencing upon transaction closing, with attractive 10% rent increases every 5 years. This offering represents an opportunity to own real estate with strong fundamentals in Las Vegas coupled with a long-term secure and passive income stream from a proven operator that will be providing a strong personal guaranty to the lease.

Investment highlights

  • 20 Years Primary Lease Term
  • 10% Rent Increases Every 5 Years
  • Absolute NNN - No Landlord Responsibilities
  • Dynamic Las Vegas MSA
  • High Visibility Hard Corners
  • Proven Regional Operator
  • Strong Personal Guaranty with Net Worth ~$70M
  • Complimentary Third Party Co-Tenancy at Each Site

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MEQ C&G Sale-Leaseback (2 Properties)
MEQ C&G - Blue Diamond
Las Vegas, NV, United States
MEQ C&G - Rainbow Road
Las Vegas, NV, United States
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Last Updated Date: 06 Jun 2022

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