1122 E Raleigh Blvd - Convenience Store FOR SALE
Rocky Mount, NC 27801 |
$2,200,000 USD
858-373-3184
1122 E Raleigh Blvd
Rocky Mount, NC 27801
HIGHLIGHTS
- Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options.
- Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A”.
- Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- 100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation.
- Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility.
- Current Rents are Below Market, Offering Future Upside Potential.
OVERVIEW
7-Eleven / Speedway C-Store & Gas Station | Absolute Net Lease | Qualifies for 100% Bonus Depreciation | Below Replacement Cost | Below Market Rental Rate | Investment Grade | Favorable Rental Increases Every 5 Years | Internet Resistant and Recession-Proof Investment
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$1,183 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,204 SF
ZONING
B2
APN/PARCEL ID
3860-20-0944-00
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858-373-3184
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858-373-3184
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