Speedway
$1,003,225
109 West Academy Street, Robersonville, NC 27871
For Sale
Retail
Service Gas Station
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
Documents:
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NC_Robersonville_-_109_W._Academy_St_-_Speedway_OM_WEB.pdf
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