3786 Pine Grove Ave - Convenience Store FOR SALE


Fort Gratiot, MI 48059
$3,062,785 USD
256-694-9803
3786 Pine Grove Ave, Fort Gratiot, MI for Sale
$3,062,785 USD
Convenience Store - FOR SALE
1/5
null | 6.5% Cap Rate

3786 Pine Grove Ave
Fort Gratiot, MI 48059


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 $81,000 within 3 miles. HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along Pine Grove Avenue, a primary north-south retail corridor, with traffic counts in excess of 34,000 vehicles per day in the immediate trade area. NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Fifth Third, Burger King, Applebee’s, Tim Horton’s, and Arby’s.

FOR SALE DETAILS

PRICE

$3,062,785 USD

PRICE/SF

$1,222 USD /SF

CAP RATE

6.5%

% 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

1975

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

C-2

APN/PARCEL ID

20-695-0014-000

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.