Log In/Sign Up
Your email has been sent.
7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN 370 Nc Highway 43 3,107 SF Retail Building Vanceboro, NC 28586 $3,047,619 ($980.89/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
3,107 SF
Building Class
C
Year Built
2008
Price
$3,047,619
Price Per SF
$980.89
Cap Rate
5.25%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.59 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 7-Eleven / Speedway
- Retailer
- 3,107 SF
- -
- Triple Net
- Feb 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 7-Eleven / Speedway | Retailer | 3,107 SF | - | Triple Net | Feb 2041 |
Property Taxes
| Parcel Number | 1-045-13001 | Improvements Assessment | $758,600 |
| Land Assessment | $155,030 | Total Assessment | $913,630 |
Property Taxes
Parcel Number
1-045-13001
Land Assessment
$155,030
Improvements Assessment
$758,600
Total Assessment
$913,630
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN | 370 Nc Highway 43
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.