1540 NW Avenue L, Belle Glade, FL, 33430
GPM Investments
Key Information
Highlights
• Offered at $2,159,836, representing a 6.77% cap rate.
• Corporate-guaranteed lease backed by GPM Investments, LLC, the 6th-largest convenience store and gas station operator in the U.S. and a wholly owned subsidiary of Fortune 500-listed ARKO Corp. (NASDAQ: ARKO), operating or supplying approximately 3,200 locations across 33 states and Washington, D.C.
• 9+ years remaining on the original 20-year lease, plus four 5-year renewal options, extending potential occupancy through 2054.
• 1.75% annual rent increases throughout the initial term and all option periods, providing consistent NOI growth and an inflation hedge.
• Absolute NNN master lease with zero landlord responsibilities. If the tenant vacates, the landlord retains rental income from the existing strip center tenants, with additional upside from re-leasing the gas station pad.
• Tenant reports sales (contact broker for additional information).
• Potential bonus depreciation benefits under current tax legislation (consult your CPA).
• Fuel and convenience retail is a needs-based asset class that has historically demonstrated resilience through varying economic cycles.
• Hard corner location featuring 40 parking spaces, 4 fueling stations, a 6,600 SF building, situated on 0.95 acres.
• Located within the Miami–Fort Lauderdale–West Palm Beach MSA, providing exposure to one of the nation’s largest and fastest-growing metropolitan areas while benefiting from Belle Glade’s lower operating costs and limited competition.
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