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 for a period of time.
- 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