- The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,200+ units nationwide and S&P B+ credit score
- 14+ years of lease term remaining on the original 20 year base term with 4 (5-year) options to extend
- 10% rental increases every five years including option periods
Investment Offering
Longview, TX - GPM Investments, LLC (E-Z Mart)
1501 Pine Tree Dr | Longview, TX 75604
$2,292,000
Price6%
Cap Rate$137,500
NOI2,267
± SF Offering GLA0.9
± AC Land AreaDescription
Location
- The site is positioned at the signalized, hard corner of Pine Tree Road and Birch Drive averaging a combined 14,500 VPD
- The c-store & gas station is strategically located in front of Pine Tree’s Independent School District complex and is ranked #246 of 1,052 best school districts in all of Texas
- Surrounding retailers and national credit tenants within the trade area’s proximity include: ALDI, Walmart Supercenter, Harbor Freight Tools, Goodwill, Taco Bell and more
- The asset has excellent visibility and multiple points of ingress/egress off Pine Tree Road and Birch Drive
- More than 73,500 residents & 73,500 employees support the trade area
- $84,900 average household income
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739