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GPM Investments 37750 Twenty-Six Mile Rd 2,392 SF Retail Building New Baltimore, MI 48047 $1,423,367 ($595.05/SF) 6% 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 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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,392 SF
Building Class
B
Year Built/Renovated
1984/2022
Price
$1,423,367
Price Per SF
$595.05
Cap Rate
6%
NOI
$85,402
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.37 AC
Zoning
C3 GEN
Frontage
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-09-01-200-038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $383,900 |
Property Taxes
Parcel Number
15-09-01-200-038
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$383,900
Contacts
-
Adam English -
Connor Shell -
Jordan Shtulman -
Ben Hollis -
Stream Capital Partners
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GPM Investments | 37750 Twenty-Six Mile Rd
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