Log In/Sign Up
Your email has been sent.
1061 Corporation Pky
Raleigh, NC 27610
NNN Corporate Quarles | Raleigh, NC · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
- RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- INSTITUTIONAL-GRADE CREDIT BACKING
Executive Summary
INSTITUTIONAL-GRADE CREDIT BACKING
- The subject property is leased to GPM Empire LLC (d/b/a Quarles), a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO) — one of the top five convenience store operators in the United States. ARKO operates approximately 3,000 locations across 33 states, generates over $8 billion in annual revenue, and maintains publicly audited financials.
ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
- The tenant is responsible for all repairs, maintenance, roof, structure, and utilities — delivering a truly passive investment with no management obligations and no capital exposure for the landlord.
RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- Fleet fueling is a non-discretionary expense for commercial operators. Quarles' 150+ site cardlock network serves industries that require diesel regardless of economic conditions.
STRATEGIC LOCATION IN RALEIGH'S ESTABLISHED COMMERCIAL CORRIDOR
- Situated at 1061 Corporation Pkwy within Raleigh's primary commercial and logistics corridor, the property benefits from proximity to Raleigh-Durham International Airport (RDU), as well as Research Triangle Park.
ESSENTIAL-USE, RECESSION-RESILIENT ASSET WITH 25+ YEAR OPERATING HISTORY
- The subject property is leased to GPM Empire LLC (d/b/a Quarles), a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO) — one of the top five convenience store operators in the United States. ARKO operates approximately 3,000 locations across 33 states, generates over $8 billion in annual revenue, and maintains publicly audited financials.
ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
- The tenant is responsible for all repairs, maintenance, roof, structure, and utilities — delivering a truly passive investment with no management obligations and no capital exposure for the landlord.
RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- Fleet fueling is a non-discretionary expense for commercial operators. Quarles' 150+ site cardlock network serves industries that require diesel regardless of economic conditions.
STRATEGIC LOCATION IN RALEIGH'S ESTABLISHED COMMERCIAL CORRIDOR
- Situated at 1061 Corporation Pkwy within Raleigh's primary commercial and logistics corridor, the property benefits from proximity to Raleigh-Durham International Airport (RDU), as well as Research Triangle Park.
ESSENTIAL-USE, RECESSION-RESILIENT ASSET WITH 25+ YEAR OPERATING HISTORY
Property Facts
Sale Type
Investment NNN
Property Type
Year Built
1997
Price
$1,096,000
Cap Rate
6.20%
NOI
$67,940
Percent Leased
100%
Building Height
1 Story
Lot Size
1.04 AC
Property Taxes
| Parcel Number | 1724.16-73-7603-000 | Improvements Assessment | $104,275 |
| Land Assessment | $239,195 | Total Assessment | $343,470 |
Property Taxes
Parcel Number
1724.16-73-7603-000
Land Assessment
$239,195
Improvements Assessment
$104,275
Total Assessment
$343,470
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
