Listed by Marcus & Millichap - Chicago Oak Brook
$1,385,000
GPM Investments - South Bend, IN
Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,089
Cap Rate 6.5%
NOI $90,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 30
Lease Expiration 04/30/2036
Remaining Term 9.9
Rent Bumps Yes
Broker Co-Op True
Year Built 2001
Acreage 1.170
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/28/2006
Ground Lease No
Ownership Fee Simple
20+ Year Operating History | New 10-Year Lease Extension | Corporate Guaranty (1,400+ Units)
Investment highlights
New 10-Year Lease Extension | 20+ Year Operating History
- GPM Investments has over 9 years remaining on a new 10-year lease that doesn’t expire until 2036.
- GPM Investments has been in operation at this site since 2006, showing their long-term commitment to the site by signing a 10-year lease extension in 2026.
Absolute NNN Lease | 2.00% Annual Rent Increases
- The lease includes 2.00% annual rent increases to hedge inflation.
- The lease is absolute NNN in nature, making the tenant responsible for all maintenance as well as real estate taxes, insurance, common areas, utilities, etc making this a prime opportunity for out-of-state investors.
Corporate Guaranty from GPM Investments, LLC (1,400+ Units)
- GPM Investments, LLC, a wholly-owned subsidiary of ARKO Corp. (Nasdaq: ARKO), a Family of Community Brands, is based in Richmond, Virginia and operates or supplies sites in 33 states and Washington D.C.
- As the 6th largest convenience store chain in the country, GPM has approximately 3,200 locations comprised of approximately 1,400 company-operated stores, approximately 121 proprietary cardlock locations, and approximately 1,660 dealer sites to which they supply fuel.
Eligible for 100% Bonus Depreciation in 2026
- In 2026, the tax landscape for bonus depreciation has been fundamentally reshaped by the One Big Beautiful Bill Act (OBBBA), which permanently restored the 100% rate that was previously phasing out.
- Investors can now immediately deduct 100% of the cost of qualifying assets in the first year they are placed in service.
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,000.00
$7,500.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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