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28756341
28756342

883 US-64, Columbia, NC 27925 For Sale

AC
CA 01904371
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$1,692,000
232 days on market
Updated 32 days ago
Opportunity zone

Speedway (7-Eleven) | 4 Yrs NNN | 6.80% CAP

Details
APN C098 01 066
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,784
Units 1
Cap Rate 6.8%
NOI $115,070
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, 76 Gas (+6)
Lease Type Absolute NNN
Lease Expiration 05/30/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 1.000
Zoning Commercial
Parking Spaces 10 spaces
Parking per 1,000 SqFt 3.59
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

7-Eleven owns Speedway

Investment highlights

• 7-Eleven, Inc. completed its landmark acquisition of 3,800 Speedway stores in 2021, significantly expanding its U.S. presence

• Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations

• Lease is backed by Speedway’s corporate entity, providing a stable and secure investment.

• Integration of Speedway enhances operational scale, distribution efficiencies, and long-term brand performance

• Approximately 4 years remaining on the current lease term | Absolute NNN

• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises

• No landlord responsibilities

• Ideal, management-free investment for an out-of-state, passive investor

• Located directly on US-64, a primary east–west transportation route through northeastern North Carolina

• Surrounded by essential retail and service providers including Shell, FedEx, Food Lion, Royal Farms, BP, NAPA Auto Parts, and several local operators

• Less than 2 miles from Columbia Middle School, Columbia High School, and Tyrrell Elementary School

• Near regional attractions such as Scuppernong River Park, outdoor recreation areas, and community amenities that consistently draw local and visitor traffic

Listing Contacts

AC
CA 01904371
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,070.00
$9,589.17/mo

Valuation Metrics

0
DSCR
6.8%
Cap Rate
6.8%
ROI

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Additional Information

Name
Patrick Nutt
License
NC License No. 281618
Brokerage
SRS Real Estate Partners-SoFlo LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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