Glade Spring, VA - GPM Investments, LLC
$5,050,000
12319 Maple Spring, Glade Spring, VA 24340
For Sale
Retail
Active
Last Updated: 10/23/2024
6
Cap Rate
302,952
NOI
Details:
Cap Rate: 6%
NOI: $302,952
Building Size: 4,931 sqft
Lot Area: 1.36 acres
Occupancy: 100%
Description:
• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,200+ units nationwide and S&P B+ credit score
• 13+ years of lease term remaining on the original 15-year base term
• 10% rental increases every five years
• The subject property is directly off the Interstate 81 exit ramp, generating more than 38,000 vehicles per day on average
• The asset is strategically positioned at the hard corner of Glove Drive and Maple Street which provide on and off access to Interstate 81
• The corner location provides one access point off Glove Drive and three separate access points off Maple Street
Location

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