BP (Crescent Oil) NNN Property For Sale — Neodesha, KS
825 W. Main Street, Neodesha, KS 66757
This is an exceptional opportunity to acquire a single-tenant retail property leased to BP (Crescent Oil) in Neodesha, KS. Crescent Oil Company, Inc. has signed a 20-year triple-net (NNN) lease that commenced rent on March 29, 2007, and includes 1.0% annual rental escalations beginning in Lease Year 4. The lease also features two (2), ten (10) year options to extend. Crescent Oil, established in 1915, is a multi-branded distributor of motor fuels with over 350 operations across multiple states. The company typically subleases its convenience stores to third-party operators while continuing to distribute gasoline at the location, ensuring a consistent revenue stream that helps offset rent payments. The property is a 2,046 +/- sq. ft. BP branded station situated in downtown Neodesha, surrou…
- Address: 825 W. Main Street, Neodesha, KS 66757
- Asking price $486,860
- 8.25% cap rate
- NOI $40,166
- 0.5 years remaining
- NNN lease
- Year built: 1980
- Building size: 2,046 SF
- Lot size: 0.49 acres
- Lease expiration: Mar 28, 2027
- Rent increases: 1.0% annual rental escalations beginning in Lease Year 4
- Guarantor: Corporate
Location
This BP (Crescent Oil) property is at 825 W. Main Street in Neodesha, Kansas.
Asset type: Retail - Service/Gas Station