GPM Investments, LLC - Glade Spring, VA
ROADRUNNER - (GPM INVESTMENTS - S&P: B+) (NASDAQ: ARKO) Corporate | Absolute NNN
Marketing description
Introducing a prime investment opportunity at 12319 Maple Street in Glade Spring, Virginia. This single-tenant absolute NNN property boasts a long lease term of 11+ years with GPM Investments, the nation's 6th largest C-Store chain. Qualifying for 100% bonus depreciation, this property offers a solid net operating income of $302,952 with a 6.00% cap rate. Featuring a corporate guaranty by GPM Investments, this property includes four 5-year extension options with 10% rental increases every five years. With fee simple ownership and zero landlord responsibilities, this is an ideal management-free investment. The location benefits from an average household income exceeding $79,600 within a 3-mile radius, making it a lucrative opportunity for passive investors seeking a stable income stream.
Investment highlights
Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
Interstate 81 (38,000 VPD) | Multiple Points of Access |Hard Corner Location | Highly Visible
• The subject property is directly off the Interstate 81 exit ramp, generating more than 38,000 vehicles per day on average
• The asset is strategically positioned at the hard corner of Glove Drive and Maple Street which provide on and off access to Interstate 81
• The corner location provides one access point off Glove Drive and three separate access points off Maple Street
Average Household Income In Local Trade Area
• The average household income exceeds $79,600 in a 3-mile radius
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