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1602 Martin Luther King Jr Pky SE
Wilson, NC 27893

$2,200,000 USD

Convenience Store For Sale  •  1,029 SF

Property Details

• Property Type Convenience Store
• Total Building Size 1,011 SF
• Lot Size 0.6 AC
• Building Class C
• Year Built 1988
• Cap Rate 5.00 %
• Tenancy Single
• Zoning B4

0 Transit Score

61 Walk Score

Highlights

Long Term Absolute Net Leases Featuring Favorable Rental Increases Every 5 Years throughout the Initial Term and Options.

Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A”.

Substantially Below Replacement Costs. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.

100% Bonus Depreciation - Fee Simple Ownership of a Gas Station Provides Significant Tax Savings to the Landlord via Accelerated Bonus Depreciation.

Prime Locations in Growing Southeast Metro Market. Most Sites are Situated in Hard Corner Locations - Feature Easy Access and Excellent Visibility.

Current Rents are Below Market, Offering Future Upside Potential.

Cap Rate:

5.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
7-Eleven / Speedway	1,011 SF	2/28/2041

Public Transportation

Commuter Rail	Drive	Walk	Distance
Wilson (Carolinian - Amtrak, Palmetto - Amtrak)	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Pitt-Greenville	44 min	-	36.7 mi