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Speedway

$1,003,225

109 West Academy Street, Robersonville, NC 27871

Active
Last Updated: 06/20/2025

6.2

Cap Rate

62,200

NOI

Details:
Cap Rate:    6.2%
NOI:    $62,200
Building Size:    2,880 sqft
Lot Area:    0.92 acres
Occupancy:    100%
Class:    B
Lease Type:    Absolute Net
Year Built:    1976
Zoning:    Commercial
Tenancy:    Single
Parking Spots:    13
Lease Expire Year:    06/30/2030
Highlights:
  • 20 Year Absolute NNN Lease with 5 Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – One (5-Year) Option to Renew
  • Rare Uncapped Rental Increase Based on the Current CPI% During The Option Period, Providing a Strong Hedge Against Inflation – Recently Exercised Option Shows the Tenants Commitment to the Location
  • Corporately Guaranteed Lease by Speedway (7-Eleven, Inc.) – Speedway is a Best-in-Class Gas Station & C-Store Tenant Founded in 1952 That Operates Over 3,900 Locations in 36 States – Largest Brand Within Its Category for Company-Owned Chains Based on Revenue
  • 49-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1976
  • 2,880 Square Feet Building Situated on a Large 0.92-Acre Parcel Containing 13 Parking Spaces, 8 Gas Pumps & a Drive-Thru Car Wash, Providing Speedway to Effectively Handle High Customer Volume
  • Over 2,300 Vehicles Per Day on W. Academy Street & an Additional 4,806 Vehicles Per Day on Nearby N. Main Street
  • More Than 3,400 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $60,800 Annually
  • Approximately 0.5-Miles from the Flagstone Foods Manufacturing Plant That Employs Over 200 People
Map:
Documents:
Title
NC_Robersonville_-_109_W._Academy_St_-_Speedway_OM_WEB.pdf
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Location
Gallery