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Views: 130 DOM: 266 Updated: 11.25.24 Posted: 03.12.24 Status: Active

Summary

Price $2,292,000
Built/Renov 1984
Tenant E-Z Mart
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,400
Lease Start 04-17-2018
#Units 273
Price/SF $955.00
Expiration 04-30-2038
Tenant Type Convenience/Gas
NOI $137,500
R. Term 13.5
Ownership Fee Simple
Rent/SF $57.29
Increases 10.0%/4/yrs
Pop 5Mi 36,279
Lot/AC 0.39
Options 4/5yrs/10%
AHHI 5Mi $83,495

Lease Highlights

  • E-Z Mart has 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

E-Z Mart is strategically located at the signalized, hard corner intersection of N Nolan River Road and W Kilpatrick Ave, with access to a combined daily traffic count of 11,100 vehicles. The property has excellent visibility and multiple points of ingress/egress. Surrounding the area are well-known national tenants including Lowe’s Home Improvement, McDonald's, Dollar General, Taco Bell,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: E-Z Mart
  • Guarantor:Corp T and Rated
  • Company:GPM Investments, LLC
  • # Units:273
  • Tenant S&P: B+
  • Moody’s: B2
  • Stock: NASDAQ: ARKO

About Tenant

E-Z Mart is a brand of convenience stores primarily in the South Central region of the United States. Founded in 1970, its first convenience store opened in Nashville, OK. The brand sold its line...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,931 28,497 36,439
2023 Total Population : 3,825 28,586 36,279
2023 Employed Civilian Pop : 1,732 12,737 16,348
2023 Total Businesses : 89 1,313 1,532
2023 Average Household Income : $ 74,287 $ 79,686 $ 83,495
2023 Total Consumer Spending : $ 84 M $ 709 M $ 947 M
2023 Median Age : 34 36 37
2023 Total Households : 1,320 10,160 12,959
2023 Pop Age 25+: Bachelor's Degree : 272 2,232 3,117
2023 Average Home Value : $ 155,999 $ 190,502 $ 204,480
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Nolan River Rd Ctney Pl 2009 6,470 0.07 mi
N Nolan River Rd Sun Valley Dr 2009 10,070 0.09 mi
W Kilpatrick St N Nolan River Rd 2004 4,600 0.19 mi
Yellow Jacket Dr Redbud 2009 1,630 0.41 mi
McAnear St Phillips St 2004 170 0.52 mi
Yellow Jacket Rd 2009 2,490 0.61 mi
Nolan River Rd Smooth Stone Dr 2009 5,930 0.70 mi
Euclid St Joslin St 2004 210 0.76 mi
West Kilpatrick Avenue Co Rd 1217 2022 2,585 0.76 mi
Granbury St Rose Ave 2009 8,300 0.88 mi

Listing Broker

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