Absolute NNN Chevron Gas Station | 901 E Meighan Blvd

This offering represents an excellent single-tenant investment opportunity featuring a newly executed 20-year absolute NNN lease with zero landlord responsibilities, commencing at the close of escrow. The asset is backed by a strong lease guaranty from SGS Holdings, a company with over 20 years of operating history, and offers fee simple ownership of both land and building while qualifying for potential bonus depreciation (buyers should consult their CPA for tax benefits). The lease includes attractive 1.75% annual rent increases throughout the primary term and option periods. The property consists of a 1,068-square-foot convenience store with six fueling lanes situated on a 0.63-acre parcel in a prime location in Gadsden, Alabama. Positioned along Meighan Boulevard, a high-traffic corridor with approximately 38,200 vehicles per day, the site benefits from placement within the city’s primary retail artery, surrounded by major national retailers. It is also directly across from Takkion’s 2.9 million-square-foot warehouse, a global renewable energy logistics company, providing a strong employment and customer base. Consumer fundamentals in the area are robust, with transportation and maintenance representing the largest spending category within a three-mile radius at approximately 27.8% of total expenditures. Additionally, the property is conveniently located less than two miles from downtown Gadsden, enhancing accessibility and long-term investment appeal.