2521 Empire Dr - Service Station FOR SALE


Winston-Salem, NC 27103- S Downtown Winston-Salem
$1,541,296 USD
843-388-5650
2521 Empire Dr, Winston-Salem, NC for Sale
$1,541,296 USD
Service Station - FOR SALE
1/3
null | 6.25% Cap Rate

2521 Empire Dr
Winston-Salem, NC 27103
S Downtown Winston-Salem


HIGHLIGHTS

  • Absolute NNN Lease
  • ~9 Years Remaining
  • 5% Bumps Every 5th Year
  • Corporate Guarantee: GPM Empire

OVERVIEW

Oswald Cooke is pleased to present the net leased Quarles Fueling assets across the Piedmont Triad region of North Carolina to qualified investors. GPM Empire, LLC operates under a 10-year lease which has (2) 5-year options to extend their lease.  The lease includes 5% escalation every 5th year throughout the base term and options. The NNN lease has no landlord responsibilities.  The Quarles Fleet Fueling network has over 175 locations nationwide across eight states, and is constantly expanding into new markets to further serve and enhance accessibility to their customer base.

FOR SALE DETAILS

PRICE

$1,541,296 USD

PRICE/SF

$856 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

GI

APN/PARCEL ID

6803-97-3242

ASK ABOUT THIS PROPERTY

Samuel BrownOswald Cooke and AssociatesMore Info
843-388-5650

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

Samuel BrownOswald Cooke and AssociatesMore Info
843-388-5650

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