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765 Indeneer Dr
Kernersville, NC 27284
NNN Corporate Quarles | Kernersville, NC · Retail Property For Sale


Investment Highlights
- INSTITUTIONAL-GRADE CREDIT BACKING
- RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
Executive Summary
INSTITUTIONAL-GRADE CREDIT BACKING
-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.
-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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,724 SF
Year Built
1999
Price
$950,000
Price Per SF
$551.04
Cap Rate
6.35%
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
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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