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Views: 114 DOM: 293 Updated: 08.23.24 Posted: 11.28.23 Status: Active

Summary

Price $5,050,000
Built/Renov 2005
Tenant Roadrunner
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,931
Lease Start 05-01-2022
#Units 92
Price/SF $1,024.13
Expiration 04-30-2037
Tenant Type Convenience/Gas
NOI $302,952
R. Term 13.50
Ownership Fee Simple
Rent/SF $61.44
Increases 10.0%/4/yrs
Pop 5Mi 8,500
Lot/AC 1.36
Options 0/0yrs
AHHI 5Mi $74,983

Lease Highlights

  • Roadrunner has 13+ years remaining on the current lease term
  • Lease features 10% rental escalations every 5 years
  • Asset qualifies for bonus depreciation
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Roadrunner is strategically located at the hard corner intersection of Maple Street and Glove Drive, with a combined daily traffic count of 8,900 vehicles. The property offers easy accessibility, conveniently located off the Interstate 81 exit ramp, with a daily traffic count of 38,000 VPD. Its strategic corner position provides a single access point off Glove Drive and three access points off...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Roadrunner Markets is a brand of convenience stores primarily in the Southeast region of the United States. Founded in 1977, its first convenience store opened in Greeneville, TN in 1980....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,130 4,239 8,464
2023 Total Population : 1,090 4,206 8,500
2023 Employed Civilian Pop : 455 1,665 3,459
2023 Total Businesses : 54 119 180
2023 Average Household Income : $ 78,669 $ 79,644 $ 74,983
2023 Total Consumer Spending : $ 33 M $ 105 M $ 221 M
2023 Median Age : 49 41 43
2023 Total Households : 499 1,515 3,349
2023 Pop Age 25+: Bachelor's Degree : 222 629 1,142
2023 Average Home Value : $ 227,206 $ 217,185 $ 212,733
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Maple Street Glove Dr 2021 8,900 0.02 mi
Maple St 2018 1,800 0.06 mi
R-VA IS00081SB RMP029.00A Maple St 2020 1,600 0.07 mi
Medallion Dr Maple St 2013 190 0.10 mi
Maple St 2021 1,600 0.12 mi
R-VA SR00091UK RMP015.00A Maple St 2020 1,800 0.12 mi
Maple St 2021 2,900 0.13 mi
R-VA SR00091UK RMP015.00B Maple St 2020 3,900 0.13 mi
Maple St Medallion Dr 2016 8,100 0.15 mi
Maple St 2018 3,600 0.17 mi

Listing Broker

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