GPM Investments dba Roadrunner Waynesville NC | 1980 Dellwood Rd
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GPM Investments dba Roadrunner Waynesville NC 1980 Dellwood Rd
2,550 SF Retail Building Waynesville, NC 28786 £2,666,590 (£1,046/SF) 6% Net Initial Yield
Investment Highlights
- The asset benefits from excellent accessibility, providing two points of access off US Highway 276
- Within a 2-mile radius of the subject property there are two schools; Haywood Christian Academy & Shining Rock Classical Academy
Executive Summary
• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,200+ units nationwide and S&P B+ credit score
• 14+ years of lease term remaining on the original 15 year base term
• 10% rental increases every five years
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Positioned off US Hwy 19 (24,300 VPD) and near the intersection of US Highway 19 and US Highway 276 (15,600 VPD)
• The subject property in centrally located between two major cities; 93-miles to Knoxville and 143 miles to Charlotte
• The asset benefits from excellent accessibility, providing two points of access off US Highway 276
• Witin a 2-mile radius of the subject property there are two schools; Haywood Christian Academy & Shining Rock Classical Academy
• 14+ years of lease term remaining on the original 15 year base term
• 10% rental increases every five years
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Positioned off US Hwy 19 (24,300 VPD) and near the intersection of US Highway 19 and US Highway 276 (15,600 VPD)
• The subject property in centrally located between two major cities; 93-miles to Knoxville and 143 miles to Charlotte
• The asset benefits from excellent accessibility, providing two points of access off US Highway 276
• Witin a 2-mile radius of the subject property there are two schools; Haywood Christian Academy & Shining Rock Classical Academy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,550 SF
Building Class
C
Year Built
1997
Price
£2,666,590
Price Per SF
£1,046
Net Initial Yield
6%
NOI
£160,006
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.04 AC
Zoning
DJ-AC - GENERAL BUSINESS
Parking
21 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
53 ft on U.S. 276
PROPERTY TAXES
| Parcel Number | 8617-01-6214 | Improvements Assessment | £232,153 |
| Land Assessment | £124,644 | Total Assessment | £356,797 |
PROPERTY TAXES
Parcel Number
8617-01-6214
Land Assessment
£124,644
Improvements Assessment
£232,153
Total Assessment
£356,797
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Power Broker Patrick Nutt -
William Wamble -
Andrew Fallon -
Philip Wellde -
SRS Real Estate Partners
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GPM Investments dba Roadrunner Waynesville NC | 1980 Dellwood Rd
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