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1061 Corporation Pky
Raleigh, NC 27610
Land For Sale
·
1.05 AC
Investment Highlights
- Strategic location in Raleigh's established commercial corridor
- 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 | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Retail |
| Property Type | Land | Total Lot Size | 1.05 AC |
| Zoning | IX-3 - Mixed Use | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 1.05 AC |
| Zoning | IX-3 - Mixed Use |
1 Lot Available
Lot
| Price | $1,096,000 | Lot Size | 1.05 AC |
| Price Per AC | $1,043,809.52 |
| Price | $1,096,000 |
| Price Per AC | $1,043,809.52 |
| Lot Size | 1.05 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
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