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GPM Investments 4497 Washington 3,647 SF 100% Leased Retail Building Ubly, MI 48475 $1,842,131 CAD ($505.11 CAD/SF) 5.85% 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 four (4) 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.
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.
PROXIMITY TO LOCAL SCHOOL CAMPUS: The Property is strategically located just one block from Ubly Community Schools, a consolidated K–12 campus serving approximately 600+ students and faculty, providing a consistent daily traffic driver and strong visibility from nearby student, staff, and parent activity.
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.
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.
PROXIMITY TO LOCAL SCHOOL CAMPUS: The Property is strategically located just one block from Ubly Community Schools, a consolidated K–12 campus serving approximately 600+ students and faculty, providing a consistent daily traffic driver and strong visibility from nearby student, staff, and parent activity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,647 SF
Building Class
C
Year Built
2001
Price
$1,842,131 CAD
Price Per SF
$505.11 CAD
Cap Rate
5.85%
NOI
$107,743 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 40-022-039-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $254,906 CAD |
Property Taxes
Parcel Number
40-022-039-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$254,906 CAD
Contacts
-
Adam English -
Connor Shell -
Jordan Shtulman -
Ben Hollis -
Stream Capital Partners
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GPM Investments | 4497 Washington
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