1702 W Market St - Service Station FOR SALE


Johnson City, TN 37604- Downtown Johnson City
$3,471,000 USD
954-302-7365
1702 W Market St, Johnson City, TN for Sale
$3,471,000 USD
Service Station - FOR SALE
1/11
null | 6% Cap Rate

1702 W Market St
Johnson City, TN 37604
Downtown Johnson City


HIGHLIGHTS

  • 11+ Years of Remaining Term | Built in Rental Increases | Corporate Guaranty (GPM Investments - S&P: B+)
  • Absolute NNN Lease | Fee Simple Ownership (Land & Building) |Zero Landlord Responsibilities
  • Fronting W Market St | Features Subway Inside C-Store | Nearby Retailers | Surrounding Consumer Base
  • Demographics In Local Trade Area

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$3,471,000 USD

PRICE/SF

$929 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments, LLC (Roadrunner)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

Commercial

APN/PARCEL ID

054A-B-007.00

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.