For Sale
$5,050,000
12319 Maple St Glade Spring, VA 24340
High-yield, NNN-leased gas station & store.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Fee-simple ownership of a 4,931 square-foot convenience store and gas station.
- Absolute NNN lease with 12.4 years remaining, including four 5-year renewal options and 10% rent increases every five years. Tenant is GPM Investments, LLC (S&P: B+, NASDAQ: ARKO), providing a corporate guarantee.
- High-visibility hard-corner location at 12319 Maple St, Glade Spring, VA 24340, with multiple access points directly off Interstate 81 (38,000 VPD).
- Strong NOI of $302,952 and a 6.00% cap rate.
- Average household income within a 3-mile radius exceeds $79,600.
Property Details for 12319 Maple St
- Property type
- Retail properties, Grocery and convenience stores
- Year Built
- 2005
- Lot Size (sq. ft)
- 59,242 SF
Location Insight
- City
- Glade Spring
- County
- Washington
- State
- Virginia
- Latitude
- 36.7733278
- Longitude
- -81.7805747
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, NNN-leased gas station & store.
- Where is the retail property located?
- The property is located at 12319 Maple St Glade Spring, VA.
- What is the asking price?
- The asking price for this property is $5,050,000.
- What are key features of this property?
- This property features: Fee-simple ownership of a 4,931 square-foot convenience store and gas station.; Absolute NNN lease with 12.4 years remaining, including four 5-year renewal options and 10% rent increases every five years. Tenant is GPM Investments, LLC (S&P: B+, NASDAQ: ARKO), providing a corporate guarantee.; High-visibility hard-corner location at 12319 Maple St, Glade Spring, VA 24340, with multiple access points directly off Interstate 81 (38,000 VPD).
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