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7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN 1122 E Raleigh Blvd 1,917 SF Retail Building Rocky Mount, NC 27801 $2,095,238 ($1,092.98/SF) 5.25% Cap Rate
Investment Highlights
- Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options.
- Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility.
- Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A”.
- 100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation.
- Current Rents are Below Market, Offering Future Upside Potential.
Executive Summary
7-Eleven / Speedway C-Store & Gas Station | Absolute Net Lease | Qualifies for 100% Bonus Depreciation | Below Replacement Cost | Below Market Rental Rate | Investment Grade | Favorable Rental Increases Every 5 Years | Internet Resistant and Recession-Proof Investment
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,917 SF
Year Built
2004
Price
$2,095,238
Price Per SF
$1,092.98
Cap Rate
5.25%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
B2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 7-Eleven / Speedway
- Retailer
- 1,917 SF
- -
- Triple Net
- Feb 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 7-Eleven / Speedway | Retailer | 1,917 SF | - | Triple Net | Feb 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 3860-20-0944-00 | Improvements Assessment | $438,655 |
| Land Assessment | $216,000 | Total Assessment | $654,655 |
Property Taxes
Parcel Number
3860-20-0944-00
Land Assessment
$216,000
Improvements Assessment
$438,655
Total Assessment
$654,655
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7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN | 1122 E Raleigh Blvd
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