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Quarles Fueling | Corp Abs NNN 2483 N Church St 764 SF Retail Building Rocky Mount, NC 27804 $3,218,531 CAD ($4,212.74 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporate Signed Lease | Experienced Operator | Below Market Rent
Golden East Crossing | Walmart Supercenter | Distribution Corridor

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Quarles Fueling investment property located in Rocky Mount, North Carolina. The tenant, GPM Empire LLC recently signed a brand new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

764 SF

Building Class

Year Built

2004

Price

$3,218,531 CAD

Price Per SF

$4,212.74 CAD

Cap Rate

NOI

$193,084 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.02

Lot Size

0.96 AC

Zoning

Corner Lot
Dedicated Turn Lane

Freeway Visibility

Signage

Signalized Intersection

MAJOR TENANTS

Wholesaler
-
-
Triple Net
Feb 2034

Since they first began as a single-truck family oil business in 1940, Quarles has worked to bring their clients the fuel they need, when they need it. But they also deliver something more than oil, gasoline or propane. They deliver quality. Delivering quality means identifying a fuel need before their customers notice. It means giving fleets more access to filling stations, and offering flexible payment plans that work with every budget. And, it means going the extra mile to provide exceptional service—even if that extra mile takes them to a remote location in the middle of a snowstorm. At Quarles, they are fueled by a desire to give their customers a better experience at every turn. They look forward to doing the same for you.