Johnson City, TN (Twin Oaks) - GPM Investments, LLC

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 located at the SEC of Milligan Hwy & Twin Oaks Dr averaging 12,800 VPD
• Less then 2.5 miles from East Tennessee State University (10,000 students), providing a direct consumer base from which to draw
• Right off I-26 (56,000 VPD), allowing users to benefit from direct on/off ramp access
• The immediate trade area is supported by retailers such as Burger King, Arby’s, Food City, Walgreens, and more
• The asset is equipped with a Dunkin’ drive-thru, boosting sales and increasing productivity