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LV Petroleum Unloads 6 SW Gas Stations
SRS Real Estate Partners completed the $39 million portfolio sale of six gas station assets, four of which are Conoco-branded properties located in Las Vegas, NV, and two of which are 76 Gas stations in the greater Phoenix, AZ market.
LV Petroleum will lease back all six properties with 20-year, absolute triple-net leases in place. Each property had a separate, private buyer. SRS Capital Markets Patrick Luther, Matthew Mousavi, and Winston Guest represented LV Petroleum.
SRS’s Guest added, “All of these assets are run by an experienced operator, are well-located, offer accelerated and bonus depreciation benefits, and feature 3% annual rent increases.”
Year to date, SRS Capital Markets has completed approximately $684 million in deal volume comprised of 77 transactions in 34 states. SRS currently has in excess of 670 properties actively on the market with a market value surpassing $3.25 billion.
- ◦Sale/Acquisition
