EZ Mart | McAlester, OK
100% GUARANTEED BY GPM INVESTMENTS, LLC. – 6TH LARGEST CONVENIENCE STORE CHAIN
Founded in 2003, GPM Investments, LLC is a wholly-owned subsidiary of ARKO Corp, which is headquartered in Richmond, VA. GPM has approximately 3,000 total locations and nearly 20 different gas station brands. The company is the 6th largest convenience store chain in the United States. In 2020, GPM Investments parent company entered into a merger transaction to form ARKO Corp., which is a publicly traded company on the Nasdaq Exchange. ARKO Corp. now owns 100% of GPM Investments, LLC.
LONG TERM LEASE – 15.5 YEARS REMAINING – ABSOLUTE NNN
GPM Investments, LLC. is operating under a long-term 20 year primary lease with 15.5-years remaining. The subject property offers an absolute NNN lease structure with absolutely no landlord obligations whatsoever. The subject property also offers rental increases of 1.3x CPI every 5 years, capped at 10%.
BENEFITS OF ACCELERATED DEPRECIATION
The subject property, which is a convenience store that sells gasoline, qualifies for accelerated depreciation. A retail motor fuel outlet is an IRS term that is used to define a specific class of real property (convenience store) which is eligible for accelerated depreciation allowing the property to be depreciated on a shorter schedule than the customary 39 years for non-residential real property.
MCALESTER, OK – COUNTY SEAT – GEORGE NIGH EXPRESSWAY – 20,000 VEHICLES PER DAY
The Subject Property is located in McAlester, Oklahoma which is the county seat and largest city in Pittsburgh county home to over 45,000 people. McAlester has a population of over 18,000 people and is located just 30 miles south of Lake Eufaula which is the largest lake in the state of Oklahoma both in water and land. The Subject Property sits right on George Nigh Expressway which sees over 20,000 vehicles per day.
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.