Listed by Stream Capital Partners
$2,955,000
GPM Investments
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,400
Cap Rate 6.45%
NOI $190,527
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Remaining Term 18
Lease Options 6, 5 Year Options
Year Built 2005
Acreage 2.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
1,400+ Location Guarantee| Bay City, MI
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 $93,700 within 3 miles.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,527.00
$15,877.25/mo
Valuation Metrics
0
DSCR
6.45%
Cap Rate
6.45%
ROI
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