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Quarles Fleet Fueling 7301 Cessna Dr 3,270 SF Industrial Building Greensboro, NC 27409 $1,154,448 ($353.04/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

Price $1,154,448
Price Per SF $353.04
Sale Type Investment NNN
Cap Rate 6.25%
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 1.50 AC
Rentable Building Area 3,270 SF
No. Stories 1
Year Built 1996
Tenancy Single
Parking Ratio 3.66/1,000 SF
Zoning HI

AMENITIES

  • Fenced Lot
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Wholesaler
  • -
  • -
  • Triple Net
  • Feb 2034

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 Feb 2034

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0098137
Land Assessment
$278,300
Improvements Assessment
$63,200
Total Assessment
$341,500
  • Listing ID: 38070011

  • Date on Market: 10/14/2025

  • Last Updated:

  • Address: 7301 Cessna Dr, Greensboro, NC 27409

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