Speedway, Robersonville, North Carolina

109 W. Academy Street no-imageVIEW MAP

Property Information

Price: $1,003,225
Cap Rate: 6.20%
NOI: $62,200
Lease Term: 20 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 2,880 Square Feet
Year Built: 1976
Status: Available
Lead Broker Information:

Dylan O’Hara

dylan@realcapitalinvestments.com

918-208-1565
Marketing Package

Property Description

Investment Highlights

  • 20 Year Absolute NNN Lease with 5 Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – One (5-Year) Option to Renew
  • Rare Uncapped Rental Increase Based on the Current CPI% During The Option Period, Providing a Strong Hedge Against Inflation – Recently Exercised Option Shows the Tenants Commitment to the Location
  • Corporately Guaranteed Lease by Speedway (7-Eleven, Inc.) – Speedway is a Best-in-Class Gas Station & C-Store Tenant Founded in 1952 That Operates Over 3,900 Locations in 36 States – Largest Brand Within Its Category for Company-Owned Chains Based on Revenue
  • 49-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1976
  • 2,880 Square Feet Building Situated on a Large 0.92-Acre Parcel Containing 13 Parking Spaces, 8 Gas Pumps & a Drive-Thru Car Wash, Providing Speedway to Effectively Handle High Customer Volume
  • Over 2,300 Vehicles Per Day on W. Academy Street & an Additional 4,806 Vehicles Per Day on Nearby N. Main Street
  • More Than 3,400 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $60,800 Annually
  • Approximately 0.5-Miles from the Flagstone Foods Manufacturing Plant That Employs Over 200 People