Listed by Atlantic Capital Partners
$655,000
Quarles (GPM Empire Guarantee) | High Point, NC
Details
Property Type Retail
Sub Type Gas Station, Storefront
Cap Rate 6.2%
NOI $40,605
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
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 1.350
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/01/2024
Ground Lease No
6.20% 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.
PROVEN 25+ YEAR OPERATING HISTORY AT THIS SITE
- Quarles has continuously operated this fleet fueling location since 1999, demonstrating strong site-level performance and durable customer demand in an established industrial corridor along East Trinity Avenue in High Point.
PART OF THE GREENSBORO-HIGH POINT MSA - NORTH CAROLINA'S 3RD LARGEST METRO
- The metro is home to more than 200 furniture manufacturers and 12,000 manufacturing workers, and the High Point Market generates billions in annual economic impact for the region, driving consistent commercial and logistics traffic.
STRATEGIC PIEDMONT TRIAD LOCATION WITH MULTI-CITY DEMAND DRIVERS
- Sits between Greensboro (19 miles) and Winston-Salem (18 miles), with direct access to I-85 and I-40 — two of the Southeast's busiest freight corridors.
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,605.00
$3,383.75/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
Map
Zoning
GB CommercialGeneral CommercialGeneral Business
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View all 109 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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