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2521 Empire Dr
Winston-Salem, NC 27103
Retail Property For Sale
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
Property Taxes
| Parcel Number | 6803-97-3242 | Improvements Assessment | $194,100 |
| Land Assessment | $313,200 | Total Assessment | $507,300 |
Property Taxes
Parcel Number
6803-97-3242
Land Assessment
$313,200
Improvements Assessment
$194,100
Total Assessment
$507,300
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