2483 N Church St - Service Station FOR SALE


Rocky Mount, NC 27804
$2,196,000 USD
980-498-3293
2483 N Church St, Rocky Mount, NC for Sale
$2,196,000 USD
Service Station - FOR SALE
1/4
null | 6.35% Cap Rate

2483 N Church St
Rocky Mount, NC 27804


HIGHLIGHTS

  • STRATEGIC LOCATION WITHIN DENSE INDUSTRIAL & LOGISTICS CORRIDOR
  • RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
  • PROVEN 25+ YEAR OPERATING HISTORY AT THIS SITE

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. PROVEN 25+ YEAR OPERATING HISTORY AT THIS SITE - Quarles has continuously operated this fleet fueling location since 1999, demonstrating strong site-level performance and customer stickiness in a commercial corridor with 30,000+ vehicles per day on US-301. 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 WITHIN DENSE INDUSTRIAL & LOGISTICS CORRIDOR - Proximity to major employers including a Honeywell Aerospace facility, the CSX Carolina Connector intermodal terminal, and a 600,000 SF regional mall generating consistent commercial traffic. FOUR 5-YEAR RENEWAL OPTIONS PROVIDING UP TO 20 YEARS OF ADDITIONAL TERM - Beyond the current lease expiration in 2034, the tenant holds four consecutive 5-year options.

FOR SALE DETAILS

PRICE

$2,196,000 USD

PRICE/SF

$2,874 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Corporate Quarles | Rocky Mount, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Storefront, Truck Stop, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

B5

APN/PARCEL ID

3851-20-91-6891

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.