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2003 W Cary Pky
Morrisville, NC 27560
Refuel Market & Gas · Retail Property For Sale
Investment Highlights
- The property is located in a densely populated area indicating strong demographic support for Refuel
- Raleigh-Durham was 4th on the list of the Top 10 fastest-growing cities and metro areas in the U.S. in 2022 with a GDP growth of 3.4%
- With a lengthy 20-year lease and attractive 10% rent increases every 5 years, this investment provides stable and growing cash flow
- Situated in a bustling retail hub and surrounded by a diverse tenant roster including major brands
- The absolute net lease structure offers a landlord the benefit of zero management responsibilities and consistent cash flow
- Refuel Gas Stations, with its impressive network of 227 current locations, has experienced rapid growth since 2019, catering to the increasing demand
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.84 AC
Zoning
C - Commercial
Parking
40 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
42’ on Cary Pky
Amenities
- Signage
Property Taxes
| Parcel Number | 0754.07-58-7320-000 | Improvements Assessment | $1,118,432 |
| Land Assessment | $816,689 | Total Assessment | $1,935,121 |
Property Taxes
Parcel Number
0754.07-58-7320-000
Land Assessment
$816,689
Improvements Assessment
$1,118,432
Total Assessment
$1,935,121
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