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Views: 97 DOM: 145 Updated: 10.11.24 Posted: 07.30.24 Status: Active

Summary

Price $2,676,000
Built/Renov 1983
Tenant GPM Investments (Shell)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,950
Lease Start 06-19-2017
#Units 1,543
Price/SF $1,372.31
Expiration 06-30-2032
Tenant Type Convenience/Gas
NOI $173,966
R. Term 7.6
Ownership Fee Simple
Rent/SF $89.21
Increases 1.5%/1/yrs
Pop 5Mi 242,661
Lot/AC 0.45
Options 4/5yrs/1.5%
AHHI 5Mi $91,068

Lease Highlights

  • 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The subject property is strategically located at the signalized, hard corner intersection of North O'Connor Road and Airport Freeway/Texas State Highway 183, with access to a combined substantial daily traffic count of 214,700 vehicles. The immediate area boasts well-known national tenants, including waffle House, Taco Bell, 7-Eleven, QuikTrip, Big Lots!, and more. The 5-mile trade area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

GPM Investments, LLC is the sixth largest convenience store operator in the United States, with brands including Scotchman, Shore Stop, Dixie Mart, Fas Mart, among several others. Their operations...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Airport Fwy Oakhurst Dr 2005 12,252 0.03 mi
W Airport Fwy Oakhurst Dr 2005 14,150 0.08 mi
Airport Fwy N O Connor Rd 2004 9,278 0.13 mi
N O'Connor Rd LnSt 2011 20,700 0.13 mi
Colonial Ln W Airport Fwy 2004 440 0.13 mi
Airport Fwy N O Connor Rd 2005 8,432 0.14 mi
Airport Fwy N O Connor Rd 2005 7,790 0.15 mi
Airport Fwy N O Connor Rd 2009 140,190 0.21 mi
N O Connor Rd W Ireland Dr 2011 26,700 0.22 mi
Lane St Colonial Ln 2009 1,480 0.23 mi

Listing Broker

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