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Quarles 3916 Commerce Park Dr 448 SF Retail Building Raleigh, NC 27610 $1,502,833 CAD ($3,354.54 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
448 SF
Year Built
1997
Price
$1,502,833 CAD
Price Per SF
$3,354.54 CAD
Cap Rate
6.25%
NOI
$93,927 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
1.04 AC
Zoning
IND-1
Frontage
22’ on Commerce Park Dr

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Wholesaler
  • -
  • -
  • 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 END
Wholesaler - - Feb 2034

NEARBY MAJOR RETAILERS

Carlie C's IGA
Waffle House
United Rentals
Starbucks
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1724.16-73-7603-000
Land Assessment
$337,289 CAD
Improvements Assessment
$147,038 CAD
Total Assessment
$484,327 CAD
  • Listing ID: 38070267

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 3916 Commerce Park Dr, Raleigh, NC 27610

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