12319 Maple St - Service Station FOR SALE


Glade Spring, VA 24340
$5,050,000 USD
954-302-7365
12319 Maple St, Glade Spring, VA for Sale
$5,050,000 USD
Service Station - FOR SALE
1/9
null | 6% Cap Rate

12319 Maple St
Glade Spring, VA 24340


HIGHLIGHTS

  • Directly off the Interstate 81 exit ramp, generating more than 38,000 vehicles per day on average
  • Corner location provides one access point off Glove Drive and three separate access points off Maple Street

OVERVIEW

This investment opportunity is backed by a corporate guaranty from GPM Investments, a reputable brand with over 3,200 units nationwide and an S&P B+ credit score. The lease has more than 13 years remaining on the original 15-year term, with 10% rental increases every five years. It offers a management-free experience for the landlord, as the tenant is responsible for CAM, taxes, insurance, and maintenance. The asset is strategically located at the hard corner of Glove Drive and Maple Street, providing easy access to Interstate 81. Additionally, the average household income in the surrounding 3-mile radius exceeds $79,600, making it an ideal, passive investment.

FOR SALE DETAILS

PRICE

$5,050,000 USD

PRICE/SF

$1,024 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments - Glade Spring, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,254 SF

ZONING

-

APN/PARCEL ID

070A-6-1,070A-6-1A

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.