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GPM Investments

1202 Port Dr, Myrtle Beach, SC 29577

Listing Price: $1,300,000

Cap Rate
5.00%
Tenant Name
GPM Southeast, LLC
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,074
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.34

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a GPM Investments property located at 1202 Port Drive in Myrtle Beach, South Carolina. The site consists of roughly 2,074 rentable square feet of building space on estimated 0.59-acre parcel of land. This GPM Investments property is subject to a 10-year absolute triple-net (NNN) lease, to commence upon the close of escrow. The current annual rent is$65,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 10-Year Absolute Triple Net (NNN) Lease
  • New 10 Year Term will Commence at the Close of Escrow
  • Corporate Guaranty | GPM Southeast, LLC | 1,200+ Units

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Auto Service - Gas-Conv

GPM Investments

Listing Price: $1,300,000

Cap Rate
5.00%
Tenant Name
GPM Southeast, LLC
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,074
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.34

Investment Highlights

  • Long-Term, 10-Year Absolute Triple Net (NNN) Lease
  • New 10 Year Term will Commence at the Close of Escrow
  • Corporate Guaranty | GPM Southeast, LLC | 1,200+ Units

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a GPM Investments property located at 1202 Port Drive in Myrtle Beach, South Carolina. The site consists of roughly 2,074 rentable square feet of building space on estimated 0.59-acre parcel of land. This GPM Investments property is subject to a 10-year absolute triple-net (NNN) lease, to commence upon the close of escrow. The current annual rent is$65,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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