300 S Endurance Way - Service Station FOR SALE


Selma, NC 27576
$4,500,000 USD
248-688-0630
300 S Endurance Way, Selma, NC for Sale
$4,500,000 USD
Service Station - FOR SALE
1/9
null | 5% Cap Rate

300 S Endurance Way
Selma, NC 27576


HIGHLIGHTS

  • 15-year corporate-guaranteed ground lease with seven 5-year options to extend.
  • Scheduled 10% rent escalations at the beginning of each option term.
  • Tenant reimburses for CAM, insurance, and taxes, creating minimal landlord responsibility.
  • High-exposure location at I-95 and US Highway 70 interchange with over 63,400 vehicles daily.
  • Across from a 435-acre Eastfield development anchored by Target, BJ’s Wholesale Club, and other national retailers.
  • Situated in an Opportunity Zone, potentially offering significant tax benefits to investors.

OVERVIEW

This offering presents a rare opportunity to acquire the leased fee interest in a newly constructed Sheetz property located in Selma, North Carolina, a thriving submarket within the Raleigh-Cary MSA. The asset features a corporate-backed NNN ground lease with an initial 15-year term and seven (5-year) renewal options, ensuring long-term income stability. Scheduled 10% rental increases at the start of each option period provide continued growth while fully reimbursed CAM, tax, and insurance obligations minimize landlord responsibilities. Situated at a high-visibility location near the intersection of I-95 and US Highway 70, the property benefits from traffic counts exceeding 63,000 vehicles per day, placing it in a high-demand commuter corridor. It is positioned across from the vibrant Eastfield development, which includes a 435-acre mixed-use project with national retailers, hospitality, residential, and major employment drivers. The five-mile trade area boasts more than 27,600 residents and 17,600 employees, supported by an average household income of over $73,000. The site lies within an Opportunity Zone, presenting additional tax incentives for qualified buyers. With its strong corporate tenant, long-term structure, and proven location fundamentals, this investment provides a compelling combination of security and growth potential for passive and institutional investors alike.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$818 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

C-1

APN/PARCEL ID

12M12004T

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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