GPM Investments, LLC (Roadrunner) - Erwin TN
ROADRUNNER - (GPM INVESTMENTS - S&P: B+) (NASDAQ: ARKO) Corporate | Absolute NNN
Marketing description
Introducing an exceptional investment opportunity at 519 Jonesborough Road in Erwin, Tennessee! This single-tenant absolute NNN property features a C-Store & Gas Station leased to GPM Investments, the nation's 6th largest C-Store chain, with 11+ years remaining on the lease. Boasting a net operating income of $302,952, this property offers a 6.00% cap rate and qualifies for 100% bonus depreciation. With GPM Investments as the tenant, a corporate guaranty, and 10% rental increases every five years, this is a lucrative long-term investment. Located near I-26 and surrounded by popular retailers, this management-free asset is ideal for out-of-state passive investors. The property entails fee simple ownership with zero landlord responsibilities, making it a hassle-free and high-return addition to any portfolio.
Investment highlights
11+ Years of Remaining Term | Built in Rental Increases | Corporate Guaranty (GPM Investments - S&P: B+)
Absolute NNN Lease | Fee Simple Ownership (Land & Building) | Zero Landlord Responsibilities
Directly Off I-26 | Across From Food City Shopping Center | Nearby Retailers | Surrounding Consumer Base
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