1061 Corporation Pky - Retail FOR SALE


Raleigh, NC 27610- Southeast Raleigh
$1,096,000 USD
980-498-3293
1061 Corporation Pky, Raleigh, NC for Sale
$1,096,000 USD
Retail - FOR SALE
1/4
null | 6.2% Cap Rate

1061 Corporation Pky
Raleigh, NC 27610
Southeast Raleigh


HIGHLIGHTS

  • ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
  • INSTITUTIONAL-GRADE CREDIT BACKING
  • RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS

OVERVIEW

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. STRATEGIC LOCATION IN RALEIGH'S ESTABLISHED COMMERCIAL CORRIDOR - Situated at 1061 Corporation Pkwy within Raleigh's primary commercial and logistics corridor, the property benefits from proximity to Raleigh-Durham International Airport (RDU), as well as Research Triangle Park. ESSENTIAL-USE, RECESSION-RESILIENT ASSET WITH 25+ YEAR OPERATING HISTORY

FOR SALE DETAILS

PRICE

$1,096,000 USD

PRICE/SF

$499 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Corporate Quarles | Raleigh, NC

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Service Station, Truck Stop, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,804 SF

ZONING

C

APN/PARCEL ID

1724.16-73-7603-000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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