December 19, 2024 – Zach Smith of Horvath & Tremblay has successfully completed the sale of a single tenant gas station leased to GPM Investments in The Colony, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $4,286,685.
GPM Investments is located at 3901 State Highway 121 in The Colony, Texas. GPM investments occupies a 4,960 square foot gas station and convenience store positioned on a 1.18-acre corner parcel of land. GPM Investments has 7+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 1.5% annual increases in rent throughout the primary term and the renewal options. GPM Investments is a wholly owned subsidiary of ARKO Corp (NASDAQ: ARKO), a credit rated (S&P: B+) Fortune 500 company and one of the largest convenience store operators in the United States. The Property is positioned at the signalized intersection of Standridge Drive and TX State Highway 121, the area’s primary commercial and commuter corridor with traffic counts in excess of 90,700 vehicles per day. The Property enjoys outstanding visibility, frontage and access and is surrounded by national retailers and industrial/warehouse developments that drive traffic to the area. Additionally, the Property is surrounded by densely populated residential communities that provide a built-in customer base. The Colony is located in Denton County in North Texas, approximately 22-miles northwest of Dallas.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.