Speedway for Sale in Robersonville, NC
Robersonville, NC
Key Investment Metrics
Price
$956,923
Cap Rate
6.5%
Net Operating Income
$62,200
Building Size
2880 SF
Land Area
0.66 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
1976
Tenancy
Single
Rent Increases
Every 5 Years (Based on CPI% 3 Months Prior)
Property overview
Speedway in Robersonville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,880 SF
- Land area
- 0.66 acres
- Year built
- 1976
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.