Sheetz NNN Property For Sale — Durham, NC
3021 South Miami Boulevard, Durham, NC 27703
This offering features a 5,484 square foot, single-tenant, absolute NNN leased gas and convenience store. The property is located in the thriving market of Durham, North Carolina. With approximately 13 years remaining on a build-to-suit absolute NNN lease, this asset is an ideal, management-free investment. The lease includes a 10 percent rent increase in 2016, providing future income growth. This property benefits from an excellent, high-growth market, promising long-term appreciation. Financial security is bolstered by a healthy and stable tenant. As a fuel facility, the property also qualifies for 15-year accelerated depreciation.
- Address: 3021 South Miami Boulevard, Durham, NC 27703
- Asking price $2.59M
- 6.75% cap rate
- NOI $175,000
- 13 years remaining
- NNN lease
- Year built: 2006
- Building size: 5,484 SF
- Lot size: 1.00 acres
- Rent increases: 10 percent rent increase in 2016
- Guarantor: Corporate
Location
This Sheetz property is at 3021 South Miami Boulevard in Durham, North Carolina.
Asset type: Retail - Free Standing, Retail - Service/Gas Station