GPM Investments
Retail | 6.50% CAP | 4,960 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant Fast Fuels (GPM Investments) located at 3901 State Highway 121 in The Colony, Texas (“the Property”). The Property consists of a 4,960 square foot freestanding building with 10 fueling stations on a 1.18-acre corner parcel of land. Fast Fuels (GPM Investments) has 6+ years remaining on its Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 1.5% annual rent increases throughout the primary lease term and each of the renewal options.
Fast Fuels (GPM Investments) enjoys a highly visible and accessible location at the signalized intersection of Standridge Drive and State Highway 121, a major commercial and commuter thoroughfare in the area. The property benefits from excellent exposure along the Sam Rayburn Tollway, which carries over 121,600 vehicles daily, enhancing its visibility to passing traffic. Situated within a thriving trade area, the site is surrounded by a mix of industrial and warehouse facilities, national retailers, popular restaurants, local schools, and numerous hotels that generate steady vehicular and pedestrian activity. Dense residential neighborhoods in the immediate vicinity, including both apartment communities and single-family homes, provide a reliable customer base throughout the day.
Investment highlights
LEASE TERM: Fast Fuels (GPM Investments) has been at this location since 2017 and has 6+ years remaining on its Absolute NNN Lease with four (4), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 1.5% annual rent increases throughout the primary lease term renewal options providing a steady increase in income and an attractive hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES: Fast Fuels (GPM Investments) has an Absolute NNN Lease and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.
STRONG OPERATOR: GPM Investments is a wholly owned subsidiary of ARKO Corp (NASDAQ: ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States. In Q2 of 2024, ARKO reported a net income for the quarter of $14.1 million and sold over 283 million gallons of fuel. With more than 3,600 locations currently, ARKO is continuing to expand across the nation.
STRATEGIC RETAIL LOCATION: Fast Fuels (GPM Investments) is prominently located at the signalized intersection of Standridge Drive and State Highway 121, one of the area’s primary commercial and commuter corridors. The Property benefits from outstanding visibility and accessibility and is adjacent to and visible from Sam Rayburn Tollway. The Property is positioned in a robust trade area that is home to numerous large industrial and warehouse Properties, national retailers and restaurants, area schools, countless hotels, and dense residential neighborhoods with numerous apartment complexes and single-family homes. Fast Fuels (GPM Investments) is also convenient to the area’s highways including TX State Highway 121, the Sam Rayburn Tollway, Dallas North Tollway, and Interstate 35E.
DALLAS-FORT WORTH MSA: Saginaw, TX is within the rapidly growing Dallas-Fort Worth metro area. The Dallas-Fort Worth region ranks among the top 3 United States metro areas for business expansions, relocations, and employment growth. The Dallas-Fort Worth MSA is the largest metropolitan area in Texas, and the fourth largest in the United States, with over 7.8 million residents.
RETAIL TRADE AREA: Additional businesses and retailers drawing consumers to the immediate trade area include Walmart Supercenter, Target, Kroger, Aldi, Topgolf, Home Depot, Floor & Décor, Nebraska Furniture Mart, Walgreens, O’Reilly Auto Parts, Chili’s, Texas Roadhouse, Dutch Bros Coffee, Scooter’s Coffee, Starbucks, Chick-fil-A, In-N-Out burger, McDonald’s, Wendy’s, Popeyes, Whataburger, Jack in the Box, Velvet Taco, Cheddar’s, Culver’s, IHOP, and Dominos.
TRAFFIC COUNTS: Over 24,500 vehicles pass the Property each day at the signalized intersection of State Highway 121 and Standridge Drive. Additionally, the Property is visible from Sam Rayburn Tollway, which sees more than 121,600 vehicles per day.
STRONG DEMOGRAPHICS: More than 93,500 people live within 3 miles of the Property with an average household income of $168,147. An impressive 233,300 people live within 5 miles of the Property with an average household income of $168,429. Additionally, there are more than 108,200 employees within 5 miles of the Property.
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