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Columbus, NC - GPM Investments, LLC (Roadrunner)

$2,177,000

393 West Mills Street, Columbus, NC 28722

Active
Last Updated: 01/23/2025

6

Cap Rate

130,648

NOI

Details:
Cap Rate:    6%
NOI:    $130,648
Building Size:    5,223 sqft
Lot Area:    1.25 acres
Description:

• There are 12 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 W Mills St averaging 13,000 VPD
• Ideally positioned off I-26 (44,000 VPD), providing users with direct on/off ramp access
• Surrounding retailers in the trade area include Food Lion, Family Dollar, McDonald’s, Wendy’s, and more
• The asset has excellent visibility and access

Map:
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