Overview

Description

• There are 13+ years remaining on this original 15-year lease
• The lease is signed by GPM Investments dba Roadrunner, the nation’s
sixth-largest convenience store chain, boasting an expansive network
of approximately 3,200 locations. This network is comprised of diverse components, including around 1,400 company-operated stores, roughly 121 proprietary cardlock locations, and an additional 1,660 dealer sites, all of which are supplied with fuel
• There are 10% rental increases every 5 years throughout the initial term, steadily growing the NOI while providing a proper hedge against inflation

• The site is strategically fronting the hard corner of W State of Franklin Rd and Leonard St averaging 35,100 VPD
• Ideally located directly across from East Tennessee State University
(10,000-students), providing a healthy and consistent consumer base from which to draw
• There are surrounding retailers in the trade area such as Kroger, Publix, ALDI, Chick-fil-A, and more
• The asset has excellent visibility and multiple points of ingress/egress

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