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821 Martin Luther King Jr Ave
Oxford, NC 27565
7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN · Retail Property For Sale
Investment Highlights
- Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options.
- Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility.
- Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A”.
- 100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation.
- Current Rents are Below Market, Offering Future Upside Potential.
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,409 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.93 AC
Zoning
B 2 - Business
Property Taxes
| Parcel Number | 192206380417 | Improvements Assessment | $444,619 |
| Land Assessment | $440,076 | Total Assessment | $884,695 |
Property Taxes
Parcel Number
192206380417
Land Assessment
$440,076
Improvements Assessment
$444,619
Total Assessment
$884,695
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