The Klink Group of Marcus & Millichap is pleased to present for sale the Village Pantry gas station and convenience store located in Brownsburg, Indiana, an affluent and growing Indianapolis suburb.
Built in 2002, the +/-4,500 service station sits on 1.70 acres at the roundabout corner of S Green Street and Airport Road, which experiences +/-25,000 vehicles-per-day. The Property is currently leased to Village Pantry, LLC, which is owned by GPM Investments, LLC, a wholly-owned subsidiary of ARKO Corp. GPM Investments,
LLC is the 6th largest convenience store chain in the country with approximately 3,200 locations comprised of approximately 1,400 company-operated stores, approximately 121 proprietary cardlock locations, and approximately 1,660 dealer sites to which they supply fuel.
Village Pantry originally opened at this location in 2003 with a 15- year base lease term and they have since exercised 2 of their 3, five- year renewal option periods, showing strong commitment to the site. The current lease structure minimizes any landlord responsibilities to the roof & structure only as the tenant is
responsible for all CAM, Property Taxes, Insurance and Parking Lot.
The offering is the perfect investment opportunity for an investor seeking strong current cash flow and a high-quality real estate location in a high growth area seeing strong residential, commercial & school expansion nearby.