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GPM Investments - Glade Spring, VA 12319 Maple St

4,931 SF Retail Building Glade Spring, VA 24340 $7,158,223 CAD ($1,452 CAD/SF) 6% Cap Rate

Retail Space Virginia Glade Spring 12319 Maple St, Glade Spring, VA 24340

Investment Highlights

  • Directly off the Interstate 81 exit ramp, generating more than 38,000 vehicles per day on average
  • Corner location provides one access point off Glove Drive and three separate access points off Maple Street

Executive Summary

This investment opportunity is backed by a corporate guaranty from GPM Investments, a reputable brand with over 3,200 units nationwide and an S&P B+ credit score. The lease has more than 13 years remaining on the original 15-year term, with 10% rental increases every five years. It offers a management-free experience for the landlord, as the tenant is responsible for CAM, taxes, insurance, and maintenance. The asset is strategically located at the hard corner of Glove Drive and Maple Street, providing easy access to Interstate 81. Additionally, the average household income in the surrounding 3-mile radius exceeds $79,600, making it an ideal, passive investment.

Attachments

Glade Spring VA - Roadrunner

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,931 SF
Building Class
C
Year Built
2005
Price
$7,158,223 CAD
Price Per SF
$1,452 CAD
Cap Rate
6%
NOI
$429,425 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.52 AC

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 070A-6-1A
  • 070A-6-1
 Improvements Assessment $441,863 CAD
Land Assessment $285,928 CAD Total Assessment $727,790 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 070A-6-1A
  • 070A-6-1
Land Assessment
$285,928 CAD
Improvements Assessment
$441,863 CAD
Total Assessment
$727,790 CAD
(954) 302-7365

Contacts

  • Listing ID: 29902928

  • Date on Market: 2023-10-27

  • Last Updated:

  • Address: 12319 Maple St, Glade Spring, VA 24340

The Retail Property at 12319 Maple St, Glade Spring, VA 24340 is currently available for sale. Contact SRS Real Estate Partners for more information.

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GPM Investments - Glade Spring, VA | 12319 Maple St
(954) 302-7365 x

GPM Investments - Glade Spring, VA | 12319 Maple St

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Patrick Nutt

(954) 302-7365

(954) 302-7365

William Wamble

(813) 434-8278

(813) 434-8278

Andrew Fallon

(202) 286-1542

(202) 286-1542

Philip Wellde

(202) 552-0092

(202) 552-0092

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