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204 N Main St
Kenansville, NC 28349
7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN · Retail Property For Sale
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.
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,322 SF
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.53 AC
Frontage
219’ on North Carolina 903
Property Taxes
| Parcel Number | 13-2171 | Improvements Assessment | $340,775 |
| Land Assessment | $402,900 | Total Assessment | $743,675 |
Property Taxes
Parcel Number
13-2171
Land Assessment
$402,900
Improvements Assessment
$340,775
Total Assessment
$743,675
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