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GPM Investments, LLC (Roadrunner) 1702 W Market St 3,739 SF Retail Building Johnson City, TN 37604 $3,471,000 ($928.32/SF) 6% Cap Rate
Investment Highlights
- 11+ Years of Remaining Term | Built in Rental Increases | Corporate Guaranty (GPM Investments - S&P: B+)
- Fronting W Market St | Features Subway Inside C-Store | Nearby Retailers | Surrounding Consumer Base
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) |Zero Landlord Responsibilities
- Demographics In Local Trade Area
Executive Summary
• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,600+ units nationwide and S&P: B+ credit score
• 11+ years of lease term remaining on the original 15-year base term with 4 (5-year) options to extend
• 10% rental increases every five years including options
• 11+ years of lease term remaining on the original 15-year base term with 4 (5-year) options to extend
• 10% rental increases every five years including options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,739 SF
Building Class
C
Year Built
1996
Price
$3,471,000
Price Per SF
$928.32
Cap Rate
6%
NOI
$208,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.16 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
25 Spaces (6.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 054A-B-007.00 | Improvements Assessment | $177,400 |
| Land Assessment | $323,160 | Total Assessment | $500,560 |
Property Taxes
Parcel Number
054A-B-007.00
Land Assessment
$323,160
Improvements Assessment
$177,400
Total Assessment
$500,560
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GPM Investments, LLC (Roadrunner) | 1702 W Market St
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