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GPM Investments, LLC (Roadrunner) - Erwin TN 519 Jonesborough Rd 4,822 SF Retail Building Erwin, TN 37650 $5,049,000 ($1,047.08/SF) 6% Cap Rate
Investment Highlights
- 12 Years of Remaining Term | Built in Rental Increases | Corporate Guaranty (GPM Investments - S&P: B+)
- Directly Off I-26 | Across From Food City Shopping Center | 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
4,822 SF
Building Class
C
Year Built
2002
Price
$5,049,000
Price Per SF
$1,047.08
Cap Rate
6%
NOI
$302,952
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.30 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
25 Spaces (5.18 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 023K-A-00305-000 | Improvements Assessment | $314,000 |
| Land Assessment | $182,640 | Total Assessment | $496,640 |
Property Taxes
Parcel Number
023K-A-00305-000
Land Assessment
$182,640
Improvements Assessment
$314,000
Total Assessment
$496,640
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GPM Investments, LLC (Roadrunner) - Erwin TN | 519 Jonesborough Rd
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