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7-Eleven / Speedway 420 E New Hope Rd 2,106 SF Retail Building Goldsboro, NC 27534 $2,800,000 ($1,329.53/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.
The subject property is strategically positioned along East New Hope Road, a prominent commercial corridor in Goldsboro with strong access to the surrounding retail and residential trade area. The location offers excellent connectivity and visibility, providing an attractive setting for retail and service-oriented tenants while benefiting from the established commercial presence along the corridor.
The subject property is strategically positioned along East New Hope Road, a prominent commercial corridor in Goldsboro with strong access to the surrounding retail and residential trade area. The location offers excellent connectivity and visibility, providing an attractive setting for retail and service-oriented tenants while benefiting from the established commercial presence along the corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,106 SF
Year Built/Renovated
2006/2022
Price
$2,800,000
Price Per SF
$1,329.53
Cap Rate
5%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.92 AC
Zoning
GB - General Business
Frontage
198’ on East New Hope Road
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3529574266 | Improvements Assessment | $486,880 |
| Land Assessment | $340,000 | Total Assessment | $826,880 |
Property Taxes
Parcel Number
3529574266
Land Assessment
$340,000
Improvements Assessment
$486,880
Total Assessment
$826,880
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