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GPM Investments 2034 River Rd 2,060 SF 100% Leased Retail Building East China, MI 48054 $2,500,000 ($1,213.59/SF) 6.34% Cap Rate
Executive Summary
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 $102,000 within 5 miles.
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 $102,000 within 5 miles.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,060 SF
Building Class
C
Year Built/Renovated
1973/2022
Price
$2,500,000
Price Per SF
$1,213.59
Cap Rate
6.34%
NOI
$158,500
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.01 AC
Zoning
B-1
Parking
15 Spaces (7.28 Spaces per 1,000 SF Leased)
Frontage
143’ on River Rd
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-534-0041-200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $118,600 |
Property Taxes
Parcel Number
18-534-0041-200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$118,600
Contacts
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Adam English -
Connor Shell -
Jordan Shtulman -
Ben Hollis -
Stream Capital Partners
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