Listed by Atlantic Capital Partners
$1,136,000
Quarles (GPM Empire Guarantee) | Greensboro, NC
Details
APN 7815803742
Property Type Retail
Sub Type Gas Station, Storefront
Units 1
Cap Rate 6.35%
NOI $72,153
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
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 1996
Acreage 1.500
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.
STRATEGIC LOCATION IN GREENSBORO'S ESTABLISHED COMMERCIAL CORRIDOR
- Benefits from proximity to Piedmont Triad International Airport (a FedEx mid-Atlantic hub), Honda Aircraft, and Volvo Trucks. The 5-mile trade area encompasses over 100,831 residents with average household incomes of $98,100.
ESSENTIAL-USE WITH 25+ YEAR OPERATING HISTORY
- Quarles has operated continuously at this Greensboro location for over 25 years, underscoring deep site-level customer relationships and proven demand.
Listing Contacts
Listed by Atlantic Capital Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,153.00
$6,012.75/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Name
License
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?


