2034 River Rd - Convenience Store FOR SALE


East China, MI 48054
$2,500,000 USD
256-694-9803
2034 River Rd, East China, MI for Sale
$2,500,000 USD
Convenience Store - FOR SALE
1/6
null | 6.34% Cap Rate

2034 River Rd
East China, MI 48054


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,499 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

B-1

APN/PARCEL ID

18-534-0041-200

ASK ABOUT THIS PROPERTY

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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Adam EnglishStream Capital PartnersMore Info
256-694-9803

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