Sunoco - Net Lease Property for Sale
Waynesville, NC
Key Investment Metrics
Price
$3,408,000
Cap Rate
6.0%
Net Operating Income
$204,493
Building Size
2550 SF
Lot Size
2,550 SF
Land Area
1.04 Acres
Remaining Term
10.8 years
Lease Expiration
04/30/2037
Lease Term
20.1 years
Lease Commencement
04/04/2017
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1997
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Sunoco Net Lease Property
This Sunoco NNN (triple net lease) property is located in Waynesville, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 2550 square feet of building space and was built in 1997.
With a cap rate of 6.0%, this Sunoco net lease property offers stable income potential. The asking price is $3,408,000, making it an attractive option for 1031 exchange investors seeking quality Sunoco commercial properties.
Why Invest in Sunoco NNN Properties?
- Stable Income: Sunoco net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Sunoco 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.
Waynesville, NC Market Overview
Located in Waynesville, NC, this Sunoco property benefits from strong local demographics and market fundamentals. The Waynesville area offers excellent visibility and accessibility, making it an ideal location for Sunoco operations and a solid investment for net lease property buyers.