Listed by Stream Capital Partners
$3,940,000
GPM Investments
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,458
Cap Rate 6.35%
NOI $250,224
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Remaining Term 18
Lease Options 6, 5 Year Options
Year Built 1986
Acreage 0.810
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
GPM Investments - Long Term 18 Year Lease - 2% annual Increases | 1,400 Unit Guaranty
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.
- HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along South Main Street, a primary north-south retail corridor, with traffic counts in excess of 24,000 vehicles per day in the immediate trade area.
- NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Meijer, Kroger, Kohl’s, McDonald’s, and ALDI
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$250,224.00
$20,852.00/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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