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| Price $1,955,000 | Built/Renov 2007 | Tenant GPM Investments (Marathon) |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,053
| Lease Start
06-19-2017
| #Units
1,543
|
| Price/SF $952.26 | Expiration
06-30-2032
| Tenant Type Convenience/Gas |
| NOI $136,842 | R. Term 7.2 | Ownership Fee Simple |
| Rent/SF
$66.65
| Increases 1.5%/1/yrs | Pop 5Mi 184,932 |
| Lot/AC 1.90 | Options 4/5yrs/1.5% | AHHI 5Mi $116,048 |
| | |
The subject property is strategically located on Van Dyke Avenue, with access to 21,888 vehicles passing by daily. The property is surrounded by well-known national tenants, including The Learning Experience, Rite Aid, McDonald's, Big Lots, Tim Hortons, and more. The 5-mile trade area supports a population of 184,932 residents with an affluent average household income of $116,048. Utica is a...
...Hard corner intersection
Build to suit
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 4,431 | 61,593 | 184,860 |
| 2024 Total Population : | 4,456 | 61,202 | 184,020 |
| 2024 Employed Civilian Pop : | 2,389 | 31,571 | 97,711 |
| 2024 Total Businesses : | 320 | 2,326 | 6,018 |
| 2024 Average Household Income : | $ 117,920 | $ 126,906 | $ 124,918 |
| 2024 Total Consumer Spending : | $ 182 M | $ 2654 M | $ 7956 M |
| 2024 Median Age : | 45 | 45 | 43 |
| 2024 Total Households : | 1,787 | 24,222 | 73,635 |
| 2024 Pop Age 25+: Bachelor's Degree : | 636 | 10,441 | 32,853 |
| 2024 Average Home Value : | $ 346,038 | $ 368,104 | $ 364,116 |
Marc Mandel is the co-founder and Managing Principal of Forged Real Estate. Marc has over 18 years of experience in the commercial real estate industry and currently leads the team at Forged Real Estate with a focus on single-tenant, sale-leaseback, and small shopping center investment advisory services throughout the country. He has completed over 820 transactions throughout his career with a value of approximately $1.6 billion. Prior to founding Forged Real Estate, Marc previously was one of
...Steve Schrenk is the co-founder and Principal of Forged Real Estate. Steve specializes in the acquisition and disposition investment advisory services of single-tenant and multi-tenant net lease properties, sale-leasebacks, and small shopping centers throughout the country. Since 2018, Steve has been involved in 300+ transactions totaling over $1 billion in total volume. Steve is a knowledgeable real estate professional with years of experience who prides himself on the team’s client centric an
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: support@net-trade.com
