NNN Apple Market & Shell Retail – Acquisition

East Coast, US


Funding Purpose

Tauro was able to assist a first time client in beginning their investment portfolio by sourcing the necessary debt for the acquisition of a c-store/gas station.

Property Description

This Apple Market and Shell fueling station is located near a large East Coast city. The property is operated by GPM Investments, LLC, a subsidiary of ARKO Corp with over 3,200 locations.


The sponsor is an experienced gas station and c-store owner. Typically an Operator, the sponsor made this purchase as his first investment property.


  • After weeks of review, original lender backed out of the deal with only a week remaining in buyer’s due diligence period.
  • Sponsor net worth and liquidity were insufficient to service the debt.


  • Back up lender was chosen and was able to offer better terms than original lender.
  • Sponsor was able to use home equity line of credit for liquidity requirement.


  • Loan to Value: 60%
  • Interest Rate: 6.55%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Full
  • Prepayment: None

Associate Director  | Capital Advisor



Associate Director  | Capital Advisor