Retail    

Fox Fuels Travel Plaza

 Cloverdale, IN

Asking Price

$6,903,226

Cap Rate

7.75%

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Expenses

Abs NNN

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Initial Lease Term

15 Years

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VPD

40K+

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Total Building Area

20,708 SF

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Rent Increases

10% Every 5 Years

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INVESTMENT HIGHLIGHTS

  • FULL-SERVICE TRAVEL CENTER 
    This site provides every necessity truck drivers desire on their routes including repair shop, laundromat, showers, and a full-service 24/7 restaurant.
  • STRATEGICALLY LOCATED ALONG I-70 
    With more than 40k VPD, this travel center benefits from sitting along Interstate 70, a major East-West highway that stretches from Maryland to Utah.
  • EXPERIENCED OPERATOR 
    The management team has a portfolio of truck stops across the southeast and is a preferred Pilot franchisee.
  • LONG-TERM, ABS. NNN LEASE
    Operator will sign a 15-year, Absolute NNN lease at closing, providing investors with long-term passive cash flow.
  • AMBEST NETWORK
    The site is scheduled to be added to the AMBEST, a network of over 500 independently owned truck stops and service centers across the country.
  • ATTRACTIVE EXIT OFF I-70
    Including the Travel Center, other attractions include multiple Hotels, McDonalds, Taco Bell, Arby's and Subway, making it an excellent pitstop for truckers and travelers.
  • NEW PARKING LOT
    Fox Fuels continues to invest in the business and property. They recently completed a $250,000 investment to repave and restripe the parking lot (Completed July 2024).
  • OVERSIZED LOAD DIESEL
    Unique to the Cloverdale Travel Center, the site is able to draw drivers with Oversized Loads with its Oversized Diesel Pump.
  • EXCELLENT 4-WALL FINANCIALS
    The site has a strong history of success and growing profitability. Historical financials available with executed NDA.
  • BONUS DEPRECIATION
    Thanks to the Tax Cuts and Jobs Act, this site qualifies for Bonus Depreciation, allowing investors to take 60% Depreciation in Year 1

Exclusively Listed By

Logan Carbonari

Associate Vice President
  lcarbonari@northmarq.com      617.515.5057

In Association With
BJ Feller

Broker of Record
IN #RB14036515

Northmarq

10960 Wilshire Blvd Suite 1405
Los Angeles, CA 90024


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