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32441692
32441693

765 INDENEER DR, KERNERSVILLE, NC 27284-3547

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$950,000
29 days on market
Updated 29 days ago

Quarles (GPM Empire Guarantee) | Kernersville, NC

Details
APN 6885-67-0458.00
Property Type Retail
Sub Type Gas Station, Storefront
Units 1
Cap Rate 6.35%
NOI $60,340
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+6)
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options 2 x 5-year options
Class A
Year Built 1999
Acreage 1.480
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/01/2024
Ground Lease No

6.35% CAP | Bonus Depreciation

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.

MISSION-CRITICAL FLEET FUELING INFRASTRUCTURE

  • Directly along the I-40 corridor between Winston-Salem and Greensboro. The site captures 86,500+ combined AADT from NC 66 S (30,000 AADT) and Salem Pkwy (56,500 AADT).

ESTABLISHED INFILL LOCATION WITH STRONG LOCAL ACCESS

  • Positioned along Indeneer Drive with direct connectivity to NC-66 and immediate access to I-40, the site is embedded within an established commercial and industrial corridor serving Kernersville's growing logistics and distribution base.

GROWING TRIAD MARKET

  • The site serves a 5-mile trade area with a population of 64,911 and average household income of $104,396 — reflecting an above-average income demographic and a commercially mature corridor with long-term fleet fueling demand.

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,340.00
$5,028.33/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
David Hoppe
License
NC 288268
Name
Mike Lucier
License
NC 231272
Name
Ben Olmstead
License
NC 315015
Brokerage
Atlantic Capital Partners
Brokerage Phone
7046515953
Title
Senior Associate
Brokerage Address
4350 Congress Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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