GPM Investments, LLC - Waynesville, NC
ROADRUNNER - (GPM INVESTMENTS - S&P: B+) (NASDAQ: ARKO) Corporate | Absolute NNN
Marketing description
Introducing an enticing investment opportunity in Waynesville, North Carolina - 1980 Dellwood Rd. This single-tenant absolute NNN property boasts a prime location and a reputable tenant, GPM Investments, the nation's 6th largest C-store chain. With over 11 years remaining on the lease and qualifying for 100% bonus depreciation, this property offers a solid income stream with a net operating income of $204,493, a cap rate of 6.00%, and built-in rental increases. Enjoy the benefits of fee simple ownership, zero landlord responsibilities, and a corporate guaranty by GPM Investments with an S&P B+ credit rating. The property features 2,550 SF of rentable space on a 1.04 AC lot, built in 1997, ensuring a stable and management-free investment opportunity.
Investment highlights
Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
Centralized Location | US Highway 19 & US Highway 276 Traffic
• Positioned off US Hwy 19 (24,300 VPD) and near the intersection of US Highway 19 and US Highway 276 (15,600 VPD)
• The subject property in centrally located between two major cities; 93- miles to Knoxville and 143 miles to Charlotte
Excellent Visibility & Access | Academic Institution Presence
• The asset benefits from excellent accessibility, providing two points of access off US Highway 276
• 2-mile radius of the subject property there are two schools; Haywood Christian Academy & Shining Rock Classical Academy
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