Speedway, Goldsboro, North Carolina

400 E. Ash Street no-imageVIEW MAP

Property Information

Price: $1,638,145
Cap Rate: 6.20%
NOI: $101,565
Lease Term: 20 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 1,404 Square Feet
Year Built: 1993
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
  • 32-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1993 – 1,404 Square Feet Building Situated on a 0.73-Acre Parcel Containing 20+ Parking Spaces, 8 Gas Pumps & 2 Diesel Pumps
  • High Traffic Location with Excellent Visibility – More Than 13,000 Vehicles Per Day on E. Ash Street (US-70 BUS), Over 1,300 Vehicles Per Day on N. Daisy Street & an Additional 7,034 on Nearby N. Center Street
  • Densely Populated Location with Strong Demographics – Over 48,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $78,000 Annually
  • Over 12.8 Million Square Feet of Industrial & Office Space and 4.7 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 2,600 Businesses & 28,000 Employees
  • Strategically Positioned 1-Mile from Goldsboro High School & Wayne School of Engineering with More Than 900 Students Currently Enrolled
  • Approximately 2-Miles from the 314-Bed Cherry Hospital with Over $110.5 Million in Total Patient Revenue in 2024 and a Staff of More Than 1,300 Healthcare Professionals
  • More Than 1,400 Apartment Units Situated within a 5-Mile Radius of the Property