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Views: 199 DOM: 254 Updated: 10.16.24 Posted: 03.12.24 Status: Active

Summary

Price $2,292,000
Built/Renov 1982
Tenant E-Z Mart
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,267
Lease Start 04-17-2018
#Units 273
Price/SF $1,011.03
Expiration 04-30-2038
Tenant Type Convenience/Gas
NOI $137,500
R. Term 13.5
Ownership Fee Simple
Rent/SF $60.65
Increases 10.0%/4/yrs
Pop 5Mi 73,559
Lot/AC 0.90
Options 4/5yrs/10%
AHHI 5Mi $84,969

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 Pine Tree Road and Birch Drive, with access to a combined daily traffic count of 14,500 vehicles. The property has excellent visibility and multiple points of ingress/egress. The c-store & gas station is situated in front of Pine Tree’s Independent School District complex and is ranked #246 of 1,052 best school...

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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 : 8,315 38,508 73,995
2023 Total Population : 8,287 38,535 73,559
2023 Employed Civilian Pop : 3,412 17,776 33,788
2023 Total Businesses : 248 1,516 3,997
2023 Average Household Income : $ 65,605 $ 87,771 $ 84,969
2023 Total Consumer Spending : $ 174 M $ 1150 M $ 2156 M
2023 Median Age : 33 37 38
2023 Total Households : 3,029 15,139 29,229
2023 Pop Age 25+: Bachelor's Degree : 530 4,983 9,437
2023 Average Home Value : $ 176,039 $ 222,172 $ 228,891
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Birch Dr Pine Tree Rd 2013 3,500 0.04 mi
Pine Tree Road W Pirate Ave 2022 9,368 0.07 mi
Birch Dr Scenic Dr 2013 3,238 0.27 mi
Elgin St Vinewood Ln 2013 57 0.40 mi
Imperial Ave Suzanne Dr 2013 99 0.42 mi
Rosedale Dr Milligan Dr 2013 225 0.46 mi
Silver Falls Road Lee St 2022 6,014 0.46 mi
Baxley Ln Arthur St 2013 1,092 0.57 mi
Mumford Dr Hornsby Dr 2013 70 0.58 mi
Rodden St Reel Rd 2013 819 0.58 mi

Listing Broker

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