• There are 12 years remaining on this original 15-year lease with 4 (5-year) options to extend
• The lease is signed by GPM Investments dba Roadrunner, the nation’s
sixth-largest convenience store chain, boasting an expansive network
of approximately 3,200 locations. This network is comprised of diverse components, including around 1,400 company-operated stores, roughly 121 proprietary cardlock locations, and an additional 1,660 dealer sites, all of which are supplied with fuel
• There are 10% rental increases every 5 years throughout the initial term and during options, steadily growing the NOI while providing a proper hedge against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• The site is strategically fronting W Mills St averaging 13,000 VPD
• Ideally positioned off I-26 (44,000 VPD), providing users with direct on/off ramp access
• Surrounding retailers in the trade area include Food Lion, Family Dollar, McDonald’s, Wendy’s, and more
• The asset has excellent visibility and access
• More than 11,000 residents and 5,000 employees support the trade area
• $90,173 average household income