GPM INVESTMENTS (ARKO CORP.) DBA SHELL | 7301 Airport Fwy
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GPM INVESTMENTS (ARKO CORP.) DBA SHELL 7301 Airport Fwy
1,929 SF Retail Building Richland Hills, TX 76118 £1,603,600 (£831/SF) 5.50% Net Initial Yield
Investment Highlights
- Absolute Triple-Net (NNN) Lease with 8 Years Remaining
- Fully Owned Subsidiary of ARKO Holdings LTD. (S&P: B+) A Fortune 500 Company Operating 3,700+ Locations
- Located off of Airport Fwy 121 [ 100,407 Cars Per Day ]
- 1.5% Annual Rental Increases with Multiple Renewal Options
- 246,466 Residents within a 5-Mile Radius
Executive Summary
GPM Investments, LLC (“GPM”) is a wholly owned subsidiary of ARKO Corp., a Family of Community Brands, and is based in Richmond, Virginia. The operations of ARKO Corp. are primarily performed by GPM Investments, LLC. Since commencing operations in 2003, GPM has grown to operate or supply sites in thirty-four (34) states and Washington, DC and is the 6th largest convenience store chain in the country.
Richland Hills is a small city located in the northeastern part of Tarrant County in the state of Texas, United States. It is part of the Dallas-Fort Worth metropolitan area, which is one of the largest urban areas in the country. Between the cities of Fort Worth and North Richland Hills, Richland Hills is centrally located within the Dallas-Fort Worth Metroplex. As of the 2020 census, Richland Hills has a population of about 8,000 people, making it a small, tight-knit community. Richland Hills is well-connected by major highways, including Interstate 820 and State Highway 121, which provide easy access to surrounding cities.
Richland Hills is a small city located in the northeastern part of Tarrant County in the state of Texas, United States. It is part of the Dallas-Fort Worth metropolitan area, which is one of the largest urban areas in the country. Between the cities of Fort Worth and North Richland Hills, Richland Hills is centrally located within the Dallas-Fort Worth Metroplex. As of the 2020 census, Richland Hills has a population of about 8,000 people, making it a small, tight-knit community. Richland Hills is well-connected by major highways, including Interstate 820 and State Highway 121, which provide easy access to surrounding cities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,929 SF
Building Class
C
Year Built
1981
Price
£1,603,600
Price Per SF
£831
Net Initial Yield
5.50%
NOI
£88,217
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.54 AC
Zoning
C
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03754723 | Improvements Assessment | £151,862 |
| Land Assessment | £184,910 | Total Assessment | £336,772 |
PROPERTY TAXES
Parcel Number
03754723
Land Assessment
£184,910
Improvements Assessment
£151,862
Total Assessment
£336,772
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GPM INVESTMENTS (ARKO CORP.) DBA SHELL | 7301 Airport Fwy
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