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4106 Harrison Ave., Rockford, IL, 61108

FAS MART
$2,205,000

Key Information

Cap Rate
8%
Tot. SF
4,539
Year Built
1989/ R 2008
Term Remaining
±1.1 YRS
Type
Retail
NOI
$176,400

Highlights

ABSOLUTE NNN LEASE

  • Zero Landlord Responsibilities as the tenant is directly responsible for all CAM, Taxes, Insurance, as well as Roof and Structure, providing investors with a hands-off passive investment opportunity.

INVESTMENT GRADE CORPORATE GUARANTEE

  • Backed by Parent Company ARKO Corp. (S&P: ‘B’), operated through its wholly owned subsidiary: GPM Investments, LLC, the 6th largest Convenience Store Chain in the country.

ATTRACTIVE RENTAL ESCALATIONS

  • There are approximately 1.1 Years remaining on the lease featuring Six (6), 5-Year Options to renew with attractive 7.5% Rental Increases every 5-years in Primary Term & Option Periods to hedge against inflation

ROCKFORD, IL MSA

  • The 5th largest City in Illinois, home to nearly 150,000 people. Its economy is fueled by a diverse range of industry sectors, including aerospace, automotive logistics, healthcare, and advanced manufacturing.

Potential 100% Bonus Depreciation in Year One

  • Fee simple ownership of a Gas Station provides the landlord the opportunity to use the Accelerated Bonus Depreciation Model (Consult with your CPA).

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203