Fayetteville, NC - Quarles Fueling

Description:

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 Fayetteville, 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.

The Quarles Fueling is located near the signalized, hard corner intersection of Interstate 95 Bus. and County Road 2260 which combine to average over 34,400 vehicles passing by daily. Interstate 95 Bus., is a major retail thoroughfare serving the city of Spring Hill. The site is close proximity to Airport Plaza, a Walmart Supercenter anchored center featuring other national/credit tenants such as Dollar Tree, Burger King, rue21, and Murphy USA. The asset is near a Food Lion anchored center which featues other national/credit tenants such including McDonald’s, Family Dollar, and Subway. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a CVS, Cook Out, Taco Bell, AutoZone, Popeyes, Wendy’s, KFC, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Fayetteville Regional Airport, the primary airport serving the area. The 5-mile trade area is supported by a population of over 84,200 residents and 72,600 employees with an average household income of $79,464.