Speedway - Net Lease Property for Sale
Winterville, NC
Key Investment Metrics
Price
$1,949,446
Cap Rate
5.5%
Net Operating Income
$107,219
Building Size
1795 SF
Lot Size
1,795 SF
Land Area
1.292 Acres
Remaining Term
9.4 years
Lease Expiration
05/31/2035
Lease Term
12.5 years
Lease Commencement
12/15/2022
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1997
Occupancy
100%
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 Winterville, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 1795 square feet of building space and was built in 1997.
With a cap rate of 5.5%, this Speedway net lease property offers stable income potential. The asking price is $1,949,446, 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.
Winterville, NC Market Overview
Located in Winterville, NC, this Speedway property benefits from strong local demographics and market fundamentals. The Winterville area offers excellent visibility and accessibility, making it an ideal location for Speedway operations and a solid investment for net lease property buyers.