STREAM Capital Partners > Properties > All Properties > GPM Investments

GPM Investments

Net Lease

3786 Pine Grove Ave , Fort Gratiot, Michigan
Ownership Type:
Fee Simple
Price:
$3,062,785
Cap Rate:
6.50%
Current Rent:
$199,081
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 18 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
3,891 SF
Rent Increases:
2.00% Annually
Site Size:
3.36 Acres

Investment Highlights

  • 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.
Ownership Type:
Fee Simple
Price:
$3,062,785
Cap Rate:
6.50%
Current Rent:
$199,081
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 18 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
3,891 SF
Rent Increases:
2.00% Annually
Site Size:
3.36 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Ben Hollis

Senior Associate
256.595.2574[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, [email protected], 513 898 1551, Lic. MI – 65024286979

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