Your email has been sent.
NNN Corporate Quarles | Rocky Mount, NC 2483 N Church St 764 SF Retail Building Rocky Mount, NC 27804 $3,009,706 CAD ($3,939.41 CAD/SF) 6.35% Cap Rate
Investment Highlights
- STRATEGIC LOCATION WITHIN DENSE INDUSTRIAL & LOGISTICS CORRIDOR
- PROVEN 25+ YEAR OPERATING HISTORY AT THIS SITE
- RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
Executive Summary
- 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.
Property Facts
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- 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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Wholesaler | - | - | Triple Net | Feb 2034 |
Property Taxes
| Parcel Number | 3851-20-91-6891 | Improvements Assessment | $363,995 CAD |
| Land Assessment | $263,635 CAD | Total Assessment | $627,630 CAD |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
NNN Corporate Quarles | Rocky Mount, NC | 2483 N Church St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.