Listed by Stream Capital Partners
$2,300,690
GPM Investments I Bonus Depreciation
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,016
Cap Rate 6%
NOI $138,041
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 6, 5 Year Options
Year Built 2002
Acreage 0.840
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
GPM Investments Guaranty l 1,400 Units | Bonus Depreciation Eligible
Investment highlights
- LONG-TERM COMMITMENT: The Property is a rare fee simple convenience store subject to a lease with 18 years remaining in the primary term and six (6) five-year renewal options.
- STRONG CORPORATE GUARANTEE: The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide
- RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation.
- BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
- ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
- AFFLUENT LOCAL DEMOGRAPHICS: Site benefits from an average household income of over $104,000 within 5 miles.
- NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Walmart Neighborhood Market, Home Depot, Kohl’s, and Five Guys
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$138,041.00
$11,503.42/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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