Listed by Atlantic Capital Partners
$1,517,000
Quarles (GPM Empire Guarantee) | Winston Salem, NC
Details
Property Type Retail
Sub Type Gas Station, Storefront
Cap Rate 6.35%
NOI $96,331
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa, Sheetz
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options 2 x 5-year options
Class A
Year Built 2000
Acreage 1.760
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/01/2024
Ground Lease No
6.35% CAP | CORP GUARANTEE
Investment highlights
INSTITUTIONAL-GRADE CREDIT BACKING
- The subject property is leased to GPM Empire LLC (d/b/a Quarles), a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO) — one of the top five convenience store operators in the United States. ARKO operates approximately 3,000 locations across 33 states, generates over $8 billion in annual revenue, and maintains publicly audited financials.
ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES
- The tenant is responsible for all repairs, maintenance, roof, structure, and utilities — delivering a truly passive investment with no management obligations and no capital exposure for the landlord.
RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS
- Fleet fueling is a non-discretionary expense for commercial operators. Quarles' 150+ site cardlock network serves industries that require diesel regardless of economic conditions.
ESTABLISHED ASSET IN GROWING TRIAD MARKET
- The property has a long operating history in the Winston-Salem/Piedmont Triad market.
GROWING TRIAD MARKET
- The 4th largest metro in North Carolina — serving a dense commercial and industrial base with a 5-mile population of 129,066 and average household income of $92,599.
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,331.00
$8,027.58/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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