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204 N Main St
Kenansville, NC 28349

$2,600,000 USD

Convenience Store For Sale  •  1,585 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 1,322 SF
  • Lot Size 0.53 AC
  • Year Built 1993
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
50 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 1,322 SF 2/28/2041

Public Transportation

AirportDriveWalkDistance
Albert J Ellis 42 min - 27.2 mi
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap