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Auto Service - Gas-Conv

Village Pantry/Marathon Gas Station

1471 S Green St, Brownsburg (Indianapolis MSA), IN 46112

Listing Price: $1,400,000

Cap Rate
7.50%
Tenant Name
Village Pantry, LLC
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Double Net
Rent Per Square Feet
$23.22

Investment Overview

Marcus & Millichap is pleased to present for sale the Village Pantry gas station and convenience store located in Brownsburg, Indiana, an affluent and growing Indianapolis suburb.

Built in 2002, the +/-4,500 service station sits on 1.70 acres at the roundabout corner of S Green Street and Airport Road, which experiences +/-25,000 vehicles-per-day. The Property is currently leased to Village Pantry, LLC, which is owned by GPM Investments, LLC, a wholly-owned subsidiary of ARKO Corp. GPM Investments, LLC is the 6th largest convenience store chain in the country with approximately 3,200 locations comprised of approximately 1,400 company-operated stores, approximately 121 proprietary cardlock locations, and approximately 1,660 dealer sites to which they supply fuel.

Village Pantry originally opened at this location in 2003 with a 15-year base lease term and they have since exercised two of their there, five-year renewal option periods, showing strong commitment to the site. The current lease structure minimizes any landlord responsibilities to the roof & structure only as the tenant is responsible for all CAM, Property Taxes, Insurance and Parking Lot.

The offering is the perfect investment opportunity for an investor seeking strong current cash flow and a high-quality real estate location in a high growth area seeing strong residential, commercial & school expansion nearby.

Investment Highlights

  • Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
  • Minimal Landlord Responsibilities (Roof & Structure Only)
  • 15-Year Base Lease Term with One, Five-Year Option to Renew Remaining
  • Located in an Affluent Indianapolis Suburb with Average Household Income of Approximately $140,000

Exclusively Listed By

Auto Service - Gas-Conv

Village Pantry/Marathon Gas Station

Listing Price: $1,400,000

Cap Rate
7.50%
Tenant Name
Village Pantry, LLC
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Double Net
Rent Per Square Feet
$23.22

Investment Highlights

  • Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
  • Minimal Landlord Responsibilities (Roof & Structure Only)
  • 15-Year Base Lease Term with One, Five-Year Option to Renew Remaining
  • Located in an Affluent Indianapolis Suburb with Average Household Income of Approximately $140,000

Investment Overview

Marcus & Millichap is pleased to present for sale the Village Pantry gas station and convenience store located in Brownsburg, Indiana, an affluent and growing Indianapolis suburb. Built in 2002, the +/-4,500 service station sits on 1.70 acres at the roundabout corner of S Green Street and Airport Road, which experiences +/-25,000 vehicles-per-day. The Property is currently leased to Village Pantry, LLC, which is owned by GPM Investments, LLC, a wholly-owned subsidiary of ARKO Corp. GPM Investments, LLC is the 6th largest convenience store chain in the country with approximately 3,200 locations comprised of approximately 1,400 company-operated stores, approximately 121 proprietary cardlock locations, and approximately 1,660 dealer sites to which they supply fuel. Village Pantry originally opened at this location in 2003 with a 15-year base lease term and they have since exercised two of their there, five-year renewal option periods, showing strong commitment to the site. The current lease structure minimizes any landlord responsibilities to the roof & structure only as the tenant is responsible for all CAM, Property Taxes, Insurance and Parking Lot. The offering is the perfect investment opportunity for an investor seeking strong current cash flow and a high-quality real estate location in a high growth area seeing strong residential, commercial & school expansion nearby.

Exclusively Listed By

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