Speedway - Net Lease Property for Sale
Plymouth, NC
Key Investment Metrics
Price
$1,051,692
Cap Rate
6.5%
Net Operating Income
$68,360
Building Size
2576 SF
Lot Size
2,576 SF
Land Area
1.48 Acres
Remaining Term
3.9 years
Lease Expiration
06/30/2030
Lease Term
25.1 years
Lease Commencement
06/01/2005
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1988
Tenancy
Single
Rent Increases
Every 5 Years (Based on CPI% 3 Months Prior)
About This Speedway Net Lease Property
This Speedway NNN (triple net lease) property is located in Plymouth, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 2576 square feet of building space and was built in 1988.
With a cap rate of 6.5%, this Speedway net lease property offers stable income potential. The asking price is $1,051,692, making it an attractive option for 1031 exchange investors seeking quality Speedway commercial properties.
Why Invest in Speedway NNN Properties?
- Stable Income: Speedway net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Speedway is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Plymouth, NC Market Overview
Located in Plymouth, NC, this Speedway property benefits from strong local demographics and market fundamentals. The Plymouth area offers excellent visibility and accessibility, making it an ideal location for Speedway operations and a solid investment for net lease property buyers.