Your email has been sent.
NNN Corporate Quarles | Kernersville, NC 765 Indeneer Dr 1,724 SF Retail Building Kernersville, NC 27284 $950,000 ($551.04/SF) 6.35% Cap Rate
Investment Highlights
- INSTITUTIONAL-GRADE CREDIT BACKING
- RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
Executive Summary
-The subject property is leased to GPM Empire LLC (d/b/a Quarles), a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO) — one of the top five convenience store operators in the United States. ARKO operates approximately 3,000 locations across 33 states, generates over $8 billion in annual revenue, and maintains publicly audited financials.
ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
- The tenant is responsible for all repairs, maintenance, roof, structure, and utilities — delivering a truly passive investment with no management obligations and no capital exposure for the landlord.
RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- Fleet fueling is a non-discretionary expense for commercial operators. Quarles' 150+ site cardlock network serves industries that require diesel regardless of economic conditions.
MISSION-CRITICAL FLEET FUELING INFRASTRUCTURE
- Directly along the I-40 corridor between Winston-Salem and Greensboro. The site captures 86,500+ combined AADT from NC 66 S (30,000 AADT) and Salem Pkwy (56,500 AADT).
ESTABLISHED INFILL LOCATION WITH STRONG LOCAL ACCESS
- Positioned along Indeneer Drive with direct connectivity to NC-66 and immediate access to I-40, the site is embedded within an established commercial and industrial corridor serving Kernersville's growing logistics and distribution base.
GROWING TRIAD MARKET
- The site serves a 5-mile trade area with a population of 64,911 and average household income of $104,396 — reflecting an above-average income demographic and a commercially mature corridor with long-term fleet fueling demand.
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- 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 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 6885-67-0458 | Improvements Assessment | $195,500 |
| Land Assessment | $338,900 | Total Assessment | $534,400 |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
NNN Corporate Quarles | Kernersville, NC | 765 Indeneer Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.