Listed by Real Capital Investments
$1,051,692
630 US HIGHWAY 64 E PLYMOUTH NC 27962-9623
Details
APN 6777162103
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,576
Cap Rate 6.5%
NOI $68,360
Tenancy Single
Brand/Tenant Speedway
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 06/30/2030
Remaining Term 4
Rent Bumps Yes
Lease Options One (1) Additional (5-Year) Option
Price per SqFt $408
Class B
Year Built 1988
Stories 1
Acreage 1.480
Zoning Commercial-G2
Parking Spaces 30 spaces
Parking Per SqFt 11.65
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2005
Ground Lease No
Sale Condition For sale by owner
Speedway | Bonus Depreciation Eligible
Investment highlights
- 20 Year Absolute NNN Lease with 4+ Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – One (5-Year) Option to Renew
- Accelerated Depreciation Eligible Asset Due to Recent Legislative Policy Changes – Rare Uncapped Rental Increase Based on the Current CPI% During The Option Period, Providing a Strong Hedge Against Inflation – Recently Exercised Option Shows the Tenants Commitment to the Location
- Corporately Guaranteed Lease by Speedway (7-Eleven, Inc.) – Speedway is a Best-in-Class Gas Station & C-Store Tenant Founded in 1952 That Operates Over 3,900 Locations in 36 States – Largest Brand Within Its Category for Company-Owned Chains Based on Revenue
- 35-Year Successful Operating History at the Site – The Property Has Been a C-Store & Gas Station Since Opening in 1988 – 2,576 Square Feet Building Situated on a Massive 1.489-Acre Parcel Containing 30+ Parking Spaces & 16 Pumps
- High Traffic Location with Excellent Visibility – More Than 16,000 Vehicles Per Day on US-64 East, Over 1,900 Vehicles Per Day on Rankin Ln & an Additional 5,321 Vehicles Per Day on Nearby Washington St (NC-32)
- More Than 6,200 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $52,500 Annually
- Over 1.1 Million Square Feet of Restaurant & Retail and 632,000 Square Feet of Industrial & Office Space within a 5-Mile Radius of the Property
- Approximately 0.5-Miles from the 25-Bed Washington Regional Medical Center Hospital with Over $28.5 Million in Total Patient Revenue in 2024 and a Staff of More Than 160 Healthcare Professionals
- High Daytime Population of More Than 275 Businesses & 2,300 Employees
- Strategically Positioned 1-Mile from Washington County High School with More Than 260 Students Currently Enrolled
Listing Contacts
Listed by Real Capital Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,360.00
$5,696.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
C2 CommercialSpecial CommercialHighway Business
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View all 170 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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