2483 N Church St - Freestanding FOR SALE


Rocky Mount, NC 27804
$2,324,000 USD
760-720-5449
2483 N Church St, Rocky Mount, NC for Sale
$2,324,000 USD
Freestanding - FOR SALE
1/9
null | 6% Cap Rate

2483 N Church St
Rocky Mount, NC 27804


HIGHLIGHTS

  • Corporate Signed Lease | Experienced Operator | Below Market Rent
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Golden East Crossing | Walmart Supercenter | Distribution Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Quarles Fueling investment property located in Rocky Mount, North Carolina. The tenant, GPM Empire LLC recently signed a brand new 10 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,324,000 USD

PRICE/SF

$3,042 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quarles Fueling | Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

B5

APN/PARCEL ID

3851-20-91-6891

ASK ABOUT THIS PROPERTY

Greg LabarreSRS Real Estate PartnersMore Info
760-720-5449

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Greg LabarreSRS Real Estate PartnersMore Info
760-720-5449

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