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Virtual Drive-By
Chevron Absolute NNN
901 E Meighan Blvd · Gadsden, AL 35903 · Convenience / Fuel
Asking price
$1,566,034
Cap rate
7.91%
NOI
$123,851
Need financing on this deal
We run the asking price and cap rate against a network of 7,000+ lenders to return
indicative terms, then package a lender memorandum. Takes about two minutes and we
will need your target leverage and timing.
Lease
Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration—
Rent bumps1.75 Annually
Options4 - 5 Yrs
Ground lease—
Credit profile—
TenancySingle
Planning a 1031 Exchange
Give us your relinquished sale close date and we will calculate your 45-day
identification and 180-day closing deadlines, track the clock, and surface matching
inventory before it expires. We coordinate directly with your Qualified Intermediary
and can introduce one if you have not yet engaged an exchange accommodator.
Investment Grade does not provide tax or legal advice.
Property
Building SF1,068
Price / SF$1,466
Year built1968
Lot size0.63 ac
TypeConvenience Store, Gas Station
Days on market118
Need year-one bonus depreciation
Building age, size and improvement mix drive how much of this asset a cost
segregation study can accelerate into year one. Tell us your tax year and entity
and we will model the deduction.
Investment highlights
For More Information, Contact
Chandler Dignam cdignam@anchorpointcapital.com
Jacob Sparks jsparks@anchorpointcapital.com
Excellent Single Tenant Investment Opportunity
Absolute NNN Lease; Zero Landlord Responsibilities
New 20 Year Lease Executed at Close of Escrow
Strong Lease Guaranty; SGS Holdings with Over 20 years of Operating History
Fee Simple Land and Building Ownership
Qualifies for Bonus Depreciation (Consult Your CPA for Tax Benefits)
1.75% Annual Increases in Primary Term and Options
1,068 Square Foot Convenience Store with 6 Fueling Lanes on 0.63 Acres
Outstanding Location in Gadsden, AL
High Traffic Corridor; 38,200 Cars Per Day along Meighan Blvd
Primary Retail Artery in Gadsden; Major National Retailers Include Walmart Supercenter, Hobby Lobby, Old Navy, Ross Dress for Less, TJ Maxx, ULTA Beauty, Popeyes, Petco, ALDI
Positioned Directly Across from Takkion’ s 2.9 Million Square Foot Warehouse. Takkion is a Global Renewable Energy Logistics Company
Total Transportation and Maintenance Spending Represent the Largest Consumer Expenditure with a 3-Mile Radius; ~27.8% of all Consumer Spending
Less than 2 Miles from Downtown Gadsden, AL
Property overview
For More Information, Contact
Chandler Dignam cdignam@anchorpointcapital.com
Jacob Sparks jsparks@anchorpointcapital.com
Excellent Single Tenant Investment Opportunity
Absolute NNN Lease; Zero Landlord Responsibilities
New 20 Year Lease Executed at Close of Escrow
Strong Lease Guaranty; SGS Holdings with Over 20 years of Operating History
Fee Simple Land and Building Ownership
Qualifies for Bonus Depreciation (Consult Your CPA for Tax Benefits)
1.75% Annual Increases in Primary Term and Options
1,068 Square Foot Convenience Store with 6 Fueling Lanes on 0.63 Acres
Outstanding Location in Gadsden, AL
High Traffic Corridor; 38,200 Cars Per Day along Meighan Blvd
Primary Retail Artery in Gadsden; Major National Retailers Include Walmart Supercenter, Hobby Lobby, Old Navy, Ross Dress for Less, TJ Maxx, ULTA Beauty, Popeyes, Petco, ALDI
Positioned Directly Across from Takkion’ s 2.9 Million Square Foot Warehouse. Takkion is a Global Renewable Energy Logistics Company
Total Transportation and Maintenance Spending Represent the Largest Consumer Expenditure with a 3-Mile Radius; ~27.8% of all Consumer Spending
Less than 2 Miles from Downtown Gadsden, AL
Take the next step on this property
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transactions there is no separate fee to you.
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Asking-market observation aggregated from public listing sources, last
observed Sep 18, 2026.
Figures are asking price and asking cap rate as published by the listing party, not a
verified closed transaction. Lease terms shown where reported by the listing party and
not independently verified. Shown for market reference only; this is not an offering.
Investment Grade Income Property, LP represents buyers on a cooperating commission basis.