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Quarles Fuel | Corp Abs NNN w/ Increasses 765 Indeneer Dr 1,724 SF Retail Building Kernersville, NC 27284 $1,006,000 ($583.53/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease | Experienced Operator | Scheduled Rental Increases
- Distribution Corridor | Interstate Proximity | Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Quarles Fueling investment property located in Kernersville, North Carolina. The tenant, GPM Empire LLC recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,724 SF
Year Built
1999
Price
$1,006,000
Price Per SF
$583.53
Cap Rate
6%
NOI
$60,340
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.48 AC
Zoning
GI
Parking
10 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
59’ on Indeneer Dr
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6885-67-0458 | Improvements Assessment | $195,500 |
| Land Assessment | $338,900 | Total Assessment | $534,400 |
PROPERTY TAXES
Parcel Number
6885-67-0458
Land Assessment
$338,900
Improvements Assessment
$195,500
Total Assessment
$534,400
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Quarles Fuel | Corp Abs NNN w/ Increasses | 765 Indeneer Dr
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