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7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN 821 Martin Luther King Jr Ave 1,409 SF Retail Building Oxford, NC 27565 $2,582,452 CAD ($1,832.83 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options.
- Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility.
- Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A”.
- 100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation.
- Current Rents are Below Market, Offering Future Upside Potential.
EXECUTIVE SUMMARY
7-Eleven / Speedway C-Store & Gas Station | Absolute Net Lease | Qualifies for 100% Bonus Depreciation | Below Replacement Cost | Below Market Rental Rate | Investment Grade | Favorable Rental Increases Every 5 Years | Internet Resistant and Recession-Proof Investment
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
North Carolina Broker of Record: Charles Gallagher | 201 S. Tryon St., Ste. 1220 Charlotte, NC 28202 | Lic. 351471 | P: (804) 802-6881 | Charles.Gallagher@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,409 SF
Building Class
C
Year Built
1998
Price
$2,582,452 CAD
Price Per SF
$1,832.83 CAD
Cap Rate
5%
NOI
$129,123 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.93 AC
Zoning
B 2
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 7-Eleven / Speedway
- Retailer
- 1,409 SF
- -
- Triple Net
- Feb 2041
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 7-Eleven / Speedway | Retailer | 1,409 SF | - | Triple Net | Feb 2041 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 192206380417 | Improvements Assessment | $623,214 CAD |
| Land Assessment | $616,846 CAD | Total Assessment | $1,240,059 CAD |
PROPERTY TAXES
Parcel Number
192206380417
Land Assessment
$616,846 CAD
Improvements Assessment
$623,214 CAD
Total Assessment
$1,240,059 CAD
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7-ELEVEN / SPEEDWAY C-STORE & GAS | NNN | 821 Martin Luther King Jr Ave
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