Log In/Sign Up
Your email has been sent.
GPM Investments 3786 Pine Grove Ave 2,506 SF 100% Leased Retail Building Fort Gratiot, MI 48059 $4,172,003 CAD ($1,664.81 CAD/SF) 6.50% Cap Rate
Executive Summary
LONG-TERM COMMITMENT: The Property is a rare fee simple convenience store subject to a lease with 18 years remaining in the primary term and six (6) five-year renewal options.
STRONG CORPORATE GUARANTEE: The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide.
RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation.
BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
AFFLUENT LOCAL DEMOGRAPHICS: Site benefits from an average household income of over $81,000 within 3 miles.
HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along Pine Grove Avenue, a primary north-south retail corridor, with traffic counts in excess of 34,000 vehicles per day in the immediate trade area.
NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Fifth Third, Burger King, Applebee’s, Tim Horton’s, and Arby’s.
STRONG CORPORATE GUARANTEE: The lease is backed by GPM Investments, a leading convenience store operator with approximately 1,400+ company-operated locations and a broader network exceeding 3,000 sites nationwide.
RENTAL INCREASES: Lease offers 2% annual increases providing a strong hedge against inflation.
BONUS DEPRECIATION: The asset is eligible for 100% bonus depreciation, enabling accelerated depreciation and improved early-year cash flow.
ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
AFFLUENT LOCAL DEMOGRAPHICS: Site benefits from an average household income of over $81,000 within 3 miles.
HIGH TRAFFIC CORRIDOR: The Property benefits from excellent visibility along Pine Grove Avenue, a primary north-south retail corridor, with traffic counts in excess of 34,000 vehicles per day in the immediate trade area.
NEARBY NATIONAL RETAILERS: The Property is positioned in close proximity to strong national retailers including Fifth Third, Burger King, Applebee’s, Tim Horton’s, and Arby’s.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,506 SF
Building Class
C
Year Built/Renovated
1975/2022
Price
$4,172,003 CAD
Price Per SF
$1,664.81 CAD
Cap Rate
6.50%
NOI
$271,180 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.02
Lot Size
3.50 AC
Zoning
C-2 - General Business District
Parking
22 Spaces (8.78 Spaces per 1,000 SF Leased)
Frontage
195’ on Pine Grove Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-695-0014-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $838,954 CAD |
Property Taxes
Parcel Number
20-695-0014-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$838,954 CAD
Contacts
-
Adam English -
Connor Shell -
Jordan Shtulman -
Ben Hollis -
Stream Capital Partners
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
GPM Investments | 3786 Pine Grove Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.