3916 Commerce Park Dr - Freestanding FOR SALE


Raleigh, NC 27610- Southeast Raleigh
$1,087,040 USD
843-388-5650
3916 Commerce Park Dr, Raleigh, NC for Sale
$1,087,040 USD
Freestanding - FOR SALE
1/3
null | 6.25% Cap Rate

3916 Commerce Park Dr
Raleigh, NC 27610
Southeast Raleigh


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

$1,087,040 USD

PRICE/SF

$2,426 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quarles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Corporation Pky

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

IND-1

APN/PARCEL ID

1724.16-73-7603-000

ASK ABOUT THIS PROPERTY

Samuel BrownOswald Cooke and AssociatesMore Info
843-388-5650

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Samuel BrownOswald Cooke and AssociatesMore Info
843-388-5650

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