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Erwin, TN - GPM Investments, LLC (Roadrunner)

$5,049,000

519 Jonesborough Rd, Erwin, TN 37650

Active
Last Updated: 08/29/2025

6

Cap Rate

302,952

NOI

Details:
Cap Rate:    6%
NOI:    $302,952
Building Size:    4,822 sqft
Lot Area:    1.3 acres
Year Built:    2002
Zoning:    Commercial
Description:

• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,600+ units nationwide and S&P: B+ credit score
• 12 years of lease term remaining on the original 15-year base term with 4 (5-year) options to extend
• 10% rental increases every five years including options

• The asset is situated just off I-26, allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• Across from a Food City-anchored shopping center that features Bojangles, Taco Bell, and more
• The surrounding residential neighborhoods will provide a steady consumer base from which to draw
• This location features a Dunkin’ inside the store

Map:
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