1980 Dellwood Rd - Service Station FOR SALE


Waynesville, NC 28786
$3,408,000 USD
954-302-7365
1980 Dellwood Rd, Waynesville, NC for Sale
$3,408,000 USD
Service Station - FOR SALE
1/5
null | 6% Cap Rate

1980 Dellwood Rd
Waynesville, NC 28786


HIGHLIGHTS

  • The asset benefits from excellent accessibility, providing two points of access off US Highway 276
  • Within a 2-mile radius of the subject property there are two schools; Haywood Christian Academy & Shining Rock Classical Academy

OVERVIEW

• The lease features a corporate guaranty by GPM Investments, a reputable brand with 3,200+ units nationwide and S&P B+ credit score • 14+ years of lease term remaining on the original 15 year base term • 10% rental increases every five years • No landlord responsibilities • Ideal, management-free investment for an out-of-state, passive investor • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • Positioned off US Hwy 19 (24,300 VPD) and near the intersection of US Highway 19 and US Highway 276 (15,600 VPD) • The subject property in centrally located between two major cities; 93-miles to Knoxville and 143 miles to Charlotte • The asset benefits from excellent accessibility, providing two points of access off US Highway 276 • Witin a 2-mile radius of the subject property there are two schools; Haywood Christian Academy & Shining Rock Classical Academy

FOR SALE DETAILS

PRICE

$3,408,000 USD

PRICE/SF

$1,336 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GPM Investments dba Roadrunner Waynesville NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

DJ-AC

APN/PARCEL ID

8617-01-6214

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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