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7-Eleven/Speedway 3778 Us 15 501 Hwy 2,046 SF Retail Building Carthage, NC 28327 $2,400,000 ($1,173.02/SF) 5% Cap Rate
Executive Summary
Recently renewed, 15-year absolute net lease featuring 10% rental increases every 5 years throughout the base term and options. The tenant is a wholly owned subsidiary of 7-Eleven, Inc. – ranked #162 on the Fortune Global 500 list and features an investment-grade credit rating of “A” from the S&P.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,046 SF
Building Class
C
Year Built/Renovated
2002/2022
Price
$2,400,000
Price Per SF
$1,173.02
Cap Rate
5%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.35 AC
Zoning
CG - General Commercial
Frontage
148’ on U.S. 501
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 8588-18-20-6451 | Improvements Assessment | $690,210 |
| Land Assessment | $449,680 | Total Assessment | $1,139,890 |
Property Taxes
Parcel Number
8588-18-20-6451
Land Assessment
$449,680
Improvements Assessment
$690,210
Total Assessment
$1,139,890
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