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2521 Empire Dr 1,800 SF Retail Building Winston-Salem, NC 27103 $1,541,296 ($856.28/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease
  • 5% Bumps Every 5th Year
  • ~9 Years Remaining
  • Corporate Guarantee: GPM Empire

EXECUTIVE SUMMARY

Oswald Cooke is pleased to present the net leased Quarles Fueling assets across the Piedmont Triad region of North Carolina to qualified investors. GPM Empire, LLC operates under a 10-year lease which has (2) 5-year options to extend their lease.  The lease includes 5% escalation every 5th year throughout the base term and options. The NNN lease has no landlord responsibilities.  The Quarles Fleet Fueling network has over 175 locations nationwide across eight states, and is constantly expanding into new markets to further serve and enhance accessibility to their customer base.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,800 SF
Building Class
C
Year Built
2000
Price
$1,541,296
Price Per SF
$856.28
Cap Rate
6.25%
NOI
$96,331
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.76 AC
Zoning
GI

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Wholesaler
  • -
  • -
  • Triple Net
  • Jul 2026

Since they first began as a single-truck family oil business in 1940, Quarles has worked to bring their clients the fuel they need, when they need it. But they also deliver something more than oil, gasoline or propane. They deliver quality. Delivering quality means identifying a fuel need before their customers notice. It means giving fleets more access to filling stations, and offering flexible payment plans that work with every budget. And, it means going the extra mile to provide exceptional service—even if that extra mile takes them to a remote location in the middle of a snowstorm. At Quarles, they are fueled by a desire to give their customers a better experience at every turn. They look forward to doing the same for you.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Wholesaler - - Triple Net Jul 2026

NEARBY MAJOR RETAILERS

Food Lion
Whole Foods Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6803-97-3242
Land Assessment
$313,200
Improvements Assessment
$194,100
Total Assessment
$507,300
  • Listing ID: 38069796

  • Date on Market: 10/14/2025

  • Last Updated:

  • Address: 2521 Empire Dr, Winston-Salem, NC 27103

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