Speedway, Plymouth, North Carolina
630 US-64 East
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27 AERIAL NEAR – SPEEDWAY (PLYMOUTH, NC) JPG
27 AERIAL NEAR – SPEEDWAY (PLYMOUTH, NC) JPG
28 AERIAL NEAREST – SPEEDWAY (PLYMOUTH, NC) JPG
28 AERIAL NEAREST – SPEEDWAY (PLYMOUTH, NC) JPG
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Property Information
| Price: | $1,102,580 |
| Cap Rate: | 6.20% |
| NOI: | $68,360 |
| Lease Term: | 20 Years |
| Lease Type: | Absolute NNN Lease |
| Building Size: | Approximately 2,576 Square Feet |
| Year Built: | 1988 |
| Status: | Available |
| Lead Broker Information: |
Dylan O’Hara dylan@realcapitalinvestments.com 918-208-1565 |
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
- 35-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1988 – 2,576 Square Feet Building Situated on a Massive 1.489-Acre Parcel Containing 30+ Parking Spaces & 16 Pumps
- High Traffic Location with Excellent Visibility – More Than 16,000 Vehicles Per Day on US-64 East, Over 1,900 Vehicles Per Day on Rankin Ln & an Additional 5,321 Vehicles Per Day on Nearby Washington St (NC-32)
- More Than 6,200 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $52,500 Annually
- Over 1.1 Million Square Feet of Restaurant & Retail and 632,000 Square Feet of Industrial & Office Space within a 5-Mile Radius of the Property
- Approximately 0.5-Miles from the 25-Bed Washington Regional Medical Center Hospital with Over $28.5 Million in Total Patient Revenue in 2024 and a Staff of More Than 160 Healthcare Professionals
- High Daytime Population of More Than 275 Businesses & 2,300 Employees
- Strategically Positioned 1-Mile from Washington County High School with More Than 260 Students Currently Enrolled