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2003 W Cary Pky
Morrisville, NC 27560

$3,280,000 USD

Convenience Store For Sale  •  2,400 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,400 SF
  • Lot Size 0.84 AC
  • Building Class B
  • Year Built 2001
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C
0 Transit Score
64 Walk Score

Highlights

The property is located in a densely populated area indicating strong demographic support for Refuel
Situated in a bustling retail hub and surrounded by a diverse tenant roster including major brands
Raleigh-Durham was 4th on the list of the Top 10 fastest-growing cities and metro areas in the U.S. in 2022 with a GDP growth of 3.4%
The absolute net lease structure offers a landlord the benefit of zero management responsibilities and consistent cash flow
With a lengthy 20-year lease and attractive 10% rent increases every 5 years, this investment provides stable and growing cash flow
Refuel Gas Stations, with its impressive network of 227 current locations, has experienced rapid growth since 2019, catering to the increasing demand

Property Flyers

Cap Rate: 6.00 %

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Cary Station (Piedmont - North Carolina by Train (NC Train)) 5 min - 2.5 mi
AirportDriveWalkDistance
Raleigh-Durham International 13 min - 6.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Robert Schmidt, CCIM 864-235-6855 NAI Earle Furman LLC
Robert Schmidt, CCIM 864-235-6855 NAI Earle Furman LLC