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Views: 85 DOM: 296 Updated: 08.23.24 Posted: 11.28.23 Status: Active

Summary

Price $2,177,000
Built/Renov 1998
Tenant Roadrunner
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,223
Lease Start 05-01-2022
#Units 92
Price/SF $416.81
Expiration 04-30-2037
Tenant Type Convenience/Gas
NOI $130,648
R. Term 12.7
Ownership Fee Simple
Rent/SF $25.01
Increases 10.0%/4/yrs
Pop 5Mi 11,490
Lot/AC 1.25
Options 0/0yrs
AHHI 5Mi $90,173

Lease Highlights

  • Roadrunner has 13+ years remaining on the current lease term
  • Lease features 10% rental escalations every 5 years
  • Asset qualifies for bonus depreciation
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Roadrunner is strategically positioned along West Mills Street, providing excellent visibility and access, with an average of 13,000 vehicles passing daily. The site is ideally situated off I-26 (44,000 VPD), offering users direct on/off ramp access. Nearby retailers include Food Lion, Family Dollar, McDonald’s, Wendy’s, and others. This property is conveniently located within a mile of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Roadrunner Markets is a brand of convenience stores primarily in the Southeast region of the United States. Founded in 1977, its first convenience store opened in Greeneville, TN in 1980....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,734 5,569 11,507
2023 Total Population : 1,727 5,565 11,507
2023 Employed Civilian Pop : 622 2,516 5,122
2023 Total Businesses : 213 359 666
2023 Average Household Income : $ 82,114 $ 84,340 $ 90,182
2023 Total Consumer Spending : $ 54 M $ 182 M $ 418 M
2023 Median Age : 57 58 56
2023 Total Households : 759 2,465 5,257
2023 Pop Age 25+: Bachelor's Degree : 363 1,083 2,328
2023 Average Home Value : $ 260,091 $ 336,703 $ 349,727
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NC 108 I- 26 2020 11,500 0.03 mi
West Mills Street I- 26 2021 13,000 0.04 mi
W Mills St 2021 2,400 0.17 mi
W Mills St 2021 2,200 0.24 mi
NC 108 Shuford Rd 2020 9,800 0.25 mi
Overlook Rd 2021 1,500 0.25 mi
West Mills Street Shuford Rd 2021 12,000 0.25 mi
I- 26 2021 1,800 0.25 mi
Peniel Road Wheeler St 2018 4,000 0.33 mi
SR 1137 Ward St 2020 3,600 0.38 mi

Listing Broker

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