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7484 Westside Saginaw Rd
Bay City, MI 48706
GPM Investments · Retail Property For Sale
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 $93,700 within 3 miles.
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 $93,700 within 3 miles.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2005
Price
$4,043,917 CAD
Price Per SF
$1,684.97 CAD
Cap Rate
6.45%
NOI
$260,833 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.51 AC
Zoning
C-3
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 09-030-014-300-055-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $528,583 CAD |
Property Taxes
Parcel Number
09-030-014-300-055-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$528,583 CAD
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