Erwin, TN - GPM Investments, LLC (Roadrunner)
$5,049,000
519 Jonesborough Rd, Erwin, TN 37650
For Sale
Retail
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
Location

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