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GPM/Fas Mart Travel Center

15766 Manchester Rd, South Beloit, IL 61080

Listing Price: $2,950,000

Cap Rate
6.92%
Tenant Name
GPM Midwest LLC
Gross SF
7,200
Guarantor
Limited Corporate Guarantee
Rentable SF
7,200
Price/Gross SF
$409.72
Rent Per Square Feet
$28.33

Investment Overview

The subject investment opportunity is a GPM / Fas Mart travel center located at 15766 Manchester Road in South Beloit, Illinois. The property consists of 7,200 square feet of building space and sits on approximately 3.80 acres of land.
This Fas Mart location has roughly 6.25 years remaining on the modified triple net (NNN) lease with minimal landlord responsibilities. The landlord shall only be responsible for maintenance or repair of the structural elements of the building only. In 2010, the tenant exercised two of their ten option periods early, showing their dedication to this site. The current rent is $204,000 and is subject to 7.5 percent in 2027 and then 5.27 percent rental escalations every five years. The increases will continue through the additional eight, five-year tenant renewal options.

Investment Highlights

  • Ideal Travel Center Location - Last Travel Center in Illinois on I-90
  • The Property Contains a Sub-Lease to McDonalds
  • 6.25 Years Remaining on the Lease with a 7.5% Rent Increase in 2027

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Auto Service - Gas-Conv

GPM/Fas Mart Travel Center

Listing Price: $2,950,000

Cap Rate
6.92%
Tenant Name
GPM Midwest LLC
Gross SF
7,200
Guarantor
Limited Corporate Guarantee
Rentable SF
7,200
Price/Gross SF
$409.72
Rent Per Square Feet
$28.33

Investment Highlights

  • Ideal Travel Center Location - Last Travel Center in Illinois on I-90
  • The Property Contains a Sub-Lease to McDonalds
  • 6.25 Years Remaining on the Lease with a 7.5% Rent Increase in 2027

Investment Overview

The subject investment opportunity is a GPM / Fas Mart travel center located at 15766 Manchester Road in South Beloit, Illinois. The property consists of 7,200 square feet of building space and sits on approximately 3.80 acres of land.
This Fas Mart location has roughly 6.25 years remaining on the modified triple net (NNN) lease with minimal landlord responsibilities. The landlord shall only be responsible for maintenance or repair of the structural elements of the building only. In 2010, the tenant exercised two of their ten option periods early, showing their dedication to this site. The current rent is $204,000 and is subject to 7.5 percent in 2027 and then 5.27 percent rental escalations every five years. The increases will continue through the additional eight, five-year tenant 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

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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