491 Sardis Rd - Service Station FOR SALE


Asheville, NC 28806- Bent Creek
$3,408,000 USD
954-302-7365
491 Sardis Rd, Asheville, NC for Sale
$3,408,000 USD
Service Station - FOR SALE
1/8
null | 6% Cap Rate

491 Sardis Rd
Asheville, NC 28806
Bent Creek


HIGHLIGHTS

  • 12 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
  • Signalized Intersection | Surrounding Consumer Base |Nearby Industrial | Proximity to Downtown Asheville
  • Demographics In Local Trade Area | Six-Figure Incomes

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

$3,408,000 USD

PRICE/SF

$803 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments, LLC (Roadrunner) - Asheville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

CI

APN/PARCEL ID

9617-82-7214-00000

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.