1857 Princeton Kenly Rd - Service Station FOR SALE


Kenly, NC 27542
$9,898,148 USD
512-573-0101
1857 Princeton Kenly Rd, Kenly, NC for Sale
$9,898,148 USD
Service Station - FOR SALE
1/4
null | 5.4% Cap Rate

1857 Princeton Kenly Rd
Kenly, NC 27542


HIGHLIGHTS

  • Brand New 15 Year Lease |
  • Zero Landlord Responsibilities
  • I-95 Corridor
  • Large Format Truck Stop

OVERVIEW

Stonecliff is pleased to present the fee-simple interest in a brand-new, single-tenant 7-Eleven located at 1857 Princeton Kenly Road in Kenly, North Carolina. This property, part of a large-format truck stop spanning 9.61 acres, features brandnew 2024 construction and a 15-year corporate lease. The lease includes 10% rent escalations every five years and operates under a NNN structure, ensuring zero landlord responsibilities. Strategically positioned along Interstate 95, the site benefits from over 38,800 vehicles per day, catering to significant trucker and commuter traffic. The property is equipped with 8 MPDs (16 fuel pumps) and 5 high-flow diesel stations, enhancing its appeal to commercial and freight vehicles. Additionally, the site houses a Raise the Roost restaurant, increasing foot traffic and boosting sales volume. Located just 42 miles east of Raleigh, this opportunity offers investors a long-term, stable asset in a high-traffic corridor, benefiting from strong demographics and consistent growth in the region

FOR SALE DETAILS

PRICE

$9,898,148 USD

PRICE/SF

$2,112 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.61 AC

LAND SF

418,612 SF

ZONING

C

APN/PARCEL ID

03Q04002

ASK ABOUT THIS PROPERTY

Teddy LeonardStonecliff Real EstateMore Info
512-573-0101

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Teddy LeonardStonecliff Real EstateMore Info
512-573-0101

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