1000 Union St - Convenience Store FOR SALE


Morganton, NC 28655
$1,174,500 USD
818-632-0233
1000 Union St, Morganton, NC for Sale
$1,174,500 USD
Convenience Store - FOR SALE
1/10

1000 Union St
Morganton, NC 28655


HIGHLIGHTS

  • Corporate Guaranteed Lease | Scheduled Rental Increases | Approximately 4 Years Remaining
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Ollie’s Bargain & Planet Fitness Center | Nearby National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Lease is backed by Speedway’s corporately entity, providing a stable and secure investment • 7-Eleven, Inc. completed its landmark acquisition of 3,800 Speedway stores in 2021, significantly expanding its U.S. presence • Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations • Approximately 4 years remaining with 2 (5-year) option periods to extend • The lease incorporates scheduled rent increases throughout the option periods, offering a dependable hedge against inflation and supporting consistent long-term NOI growth.

FOR SALE DETAILS

PRICE

$1,174,500 USD

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Speedway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

HID

APN/PARCEL ID

49249

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.