C-STORE

417 Main Street, Gretna, VA 24557
$2,307,692

Cap Rate
6.50%
Leasable Area
4,291 SF
Term Remaining
±12 YRS
NOI
$150,000
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • GPM is No. 6 on CSP’s 2022 Top 202 ranking of U.S. convenience-store chains by store count
  • In 2020, GPM Investments’ parent company entered a merger transaction to form ARKO Corp., a publicly traded company on the Nasdaq Exchange. ARKO Corp. now owns 100% of GPM Investments, LLC
  • GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp., a Family of Community Brands, is based in Richmond, Virginia, and operates or supplies sites in 33 states and Washington D.C.
  • 6th largest convenience store chain in the country, they have approximately 3,200 locations comprised of approximately 1,400 company-operated stores, approximately 121 proprietary locations, and approximately 1,660 dealer sites to which they supply fuel
  • GPM operates under a portfolio of brands, including Fast Mart, Shore Stop, Scotchman, Admiral, Breadbox, Young’s, Li’l Cricket, Next Door Store, Village Pantry, Apple Market, and Jiffi Stop
  • Long-Term Lease with Zero Landlord Responsibilities: Triple-Net (NNN) Lease with Approximately 12.58 Years Remaining on Initial Term
  • Inflation Protected Lease Structure: The lease Features 1.5% Annual Increases throughout the lease term which provides a great hedge against inflation
  • Accelerated & Bonus Depreciation: This Property Qualifies for Both 80% Bonus Depreciation & 15 Year Accelerated Depreciation

Broker of Record

  • Kyle Matthews
  • License No. 226035518 (VA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203