Description
WB Realty is proud to present for sale the Fas Mart and Fas Fuel gas station and convenience store located at 550 Wilson Ave SW in Cedar Rapids, IA. With its absolute triple-net lease structure, long operating history, recent renovations, and potential bonus depreciation options, this asset is a lucrative investment opportunity not to be missed. The tenant, GPM Midwest, LLC, is a wholly owned subsidiary of the 6th largest convenience store operator in America. There are four years remaining on the current lease term, and there are two 5-year option terms remaining with 8.5% rent increases, providing an excellent hedge against inflation. The property is located just two blocks from Interstate 380 at the corner of a busy intersection. Cedar Rapids is the second largest city in Iowa, and the I-380 corridor links Cedar Rapids to the Iowa City MSA just a twenty miles to the south. Contact us today to learn more and seize the chance to own a successful retail property with a trusted tenant and long-standing success.
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0BEDS
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1.33ACRES
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0BATHS
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01/2 BATHS
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3,252SQFT
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$800$/SQFT
School Ratings & Info
Description
WB Realty is proud to present for sale the Fas Mart and Fas Fuel gas station and convenience store located at 550 Wilson Ave SW in Cedar Rapids, IA. With its absolute triple-net lease structure, long operating history, recent renovations, and potential bonus depreciation options, this asset is a lucrative investment opportunity not to be missed. The tenant, GPM Midwest, LLC, is a wholly owned subsidiary of the 6th largest convenience store operator in America. There are four years remaining on the current lease term, and there are two 5-year option terms remaining with 8.5% rent increases, providing an excellent hedge against inflation. The property is located just two blocks from Interstate 380 at the corner of a busy intersection. Cedar Rapids is the second largest city in Iowa, and the I-380 corridor links Cedar Rapids to the Iowa City MSA just a twenty miles to the south. Contact us today to learn more and seize the chance to own a successful retail property with a trusted tenant and long-standing success.