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GPM Investments dba Roadrunner Waynesville NC 1980 Dellwood Rd 2,550 SF Retail Building Waynesville, NC 28786 $4,631,472 CAD ($1,816.26 CAD/SF) 6% Cap Rate
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
• 11 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
• 11 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
$4,631,472 CAD
Price Per SF
$1,816.26 CAD
Cap Rate
6%
NOI
$277,906 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.04 AC
Zoning
DJ-AC - GENERAL BUSINESS
Parking
21 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
53’ on U.S. 276
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 8617-01-6214 | Improvements Assessment | $405,657 CAD |
| Land Assessment | $217,800 CAD | Total Assessment | $623,457 CAD |
Property Taxes
Parcel Number
8617-01-6214
Land Assessment
$217,800 CAD
Improvements Assessment
$405,657 CAD
Total Assessment
$623,457 CAD
Contacts
-
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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