Listed by Stream Capital Partners
$1,423,369
GPM Investments
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,424
Cap Rate 6%
NOI $85,402
Tenancy Single
Brand/Tenant 7-Eleven, Circle K
Lease Type Absolute NNN
Lease Term 18
Lease Options 4, 5 Year Options
Year Built 1984
Year Renovated 2022
Acreage 1.350
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
GPM Absolute NNN C-Store I $1.4M I 1,400+ Unit Operator I Bonus Depreciation
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 four (4) 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 $101,100 within 3 miles
- HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along 26 Mile Road, a primary east-west corridor, with traffic counts in excess of 20,000 vehicles per day in the immediate trade area, driven by proximity to I-94 and surrounding retail and residential growth
- NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Meijer, Wendy’s, Taco Bell, and Tim Hortons
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$85,402.00
$7,116.83/mo
Valuation Metrics
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DSCR
6%
Cap Rate
6%
ROI
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