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32441854
32441855

7301 CESSNA DR, GREENSBORO, NC 27409-9304 For Sale

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
$1,136,000
69 days on market
Updated 69 days ago

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 (+5)
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

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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$
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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

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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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