519 Jonesborough Rd - Service Station FOR SALE


Erwin, TN 37650
$5,049,000 USD
954-302-7365
519 Jonesborough Rd, Erwin, TN for Sale
$5,049,000 USD
Service Station - FOR SALE
1/10
null | 6% Cap Rate

519 Jonesborough Rd
Erwin, TN 37650


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
  • Directly Off I-26 | Across From Food City Shopping Center | 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

$5,049,000 USD

PRICE/SF

$1,063 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments, LLC (Roadrunner) - Erwin TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Commercial

APN/PARCEL ID

023K-A-00305-000

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.