RaceTrac (dba RaceWay)

Listing RaceTrac (dba RaceWay) Price:$2,800,000 Status:New The subject property is a single-tenant, freestanding RaceWay gas station and convenience store, a brand of RaceTrac Petroleum, Inc. It has direct street frontage along U.S. Highway 49, a heavily trafficked commercial retail corridor with an average daily traffic count in excess of 48,733 vehicles per day. The property is located next to the Gulport-Biloxi International Airport and three miles northeast of Gulfport’s central business district. The subject property has a new, 15-year absolute NNN lease with 7.50% rent increases every five years. There are seven, five-year renewal options each with 7.50% rent increases. The lease will have a corporate guarantee from RaceTrac Petroleum, Inc. which has annual sales of $9 billion. There are no landlord maintenance responsibilities.

RaceTrac (dba RaceWay)