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Fast Fuels - GPM Investments, LLC 1700 N Highway 121 6,254 SF Retail Building Grapevine, TX 76051 $3,660,000 ($585.23/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Lease Extension | Corporate Signed Lease | Options To Extend | Recent $290,000 Renovation
- High Traffic Area | State Highway 121 (192,800 VPD) | Excellent Visibility & Access
- Strong Demographics In 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Dallas-Fort Worth MSA | DFW International Airport | High Barriers To Entry
- Grapevine Mills (1.7 Million+ SF) | Primary Distribution Hub |Dense Retail Corridor | The Gaylord Texan | Great Wolf Lodge
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, GPM Investments, LLC investment property located in Grapevine, Texas. The tenant, GPM Southeast, LLC, recently signed a brand new, 10-year lease extension, bringing the remaining lease term 12 years with 2 (5-year) to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. The property recently underwent renovations valued at approximately $290,000, which included renovations to the asset’s parking areas.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,254 SF
Building Class
C
Year Built/Renovated
1998/2025
Price
$3,660,000
Price Per SF
$585.23
Cap Rate
5.50%
NOI
$201,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.24 AC
Zoning
CC - Community Commercial District
Parking
55 Spaces (8.79 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42078375 | Improvements Assessment | $1,149,887 |
| Land Assessment | $539,708 | Total Assessment | $1,689,595 |
PROPERTY TAXES
Parcel Number
42078375
Land Assessment
$539,708
Improvements Assessment
$1,149,887
Total Assessment
$1,689,595
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Fast Fuels - GPM Investments, LLC | 1700 N Highway 121
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