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Single-Tenant Gas Station

1000 S MEMORIAL DR, Greenville, NC 27834

For Sale
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An absolute NNN lease extends through July 2042, with annual rent increases and six renewal options.

Property Size2,452 SF
Price / SF$1,277
Days on Market36

Property Features for 1000 S MEMORIAL DR

General Information

Standard status Active
Size 2,452 SF
Property subtype Retail
Occupancy 100%

Site & Location

Traffic Count 21,000 vehicles/day
Highway Access Yes
Road Access Yes

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes
In-Place Lease Type Absolute NNN
Current Tenants GPM Investments, LLC
Real Estate Included Yes

Building Details

Buildings 1
Tenancy Single
Listing Agency: Bang Realty
Listed By: Brian Brockman · License #701472
Source: Crexi
Added: Oct 5 Changed: Nov 8 Last Checked: Nov 8 at 4:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty

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Investment Insights

Based on property information with market context.

This 2,452-square-foot gas station is occupied by GPM Investments under an absolute NNN lease, with no landlord responsibilities. The current term runs through July 2042 and includes 2% annual rent escalations, followed by six 5-year renewal options.

The property fronts S Memorial Drive (US-13/NC-11), a corridor carrying approximately 21,000 vehicles per day. ECU Health Medical Center, a 974-bed hospital with approximately 7,900 employees, is nearby, as is East Carolina University, which has more than 27,000 students. Hotels in the surrounding area include Fairfield by Marriott, Staybridge Suites, and Holiday Inn Express.

Key Highlights

  • 2,452‑square‑foot gas station occupied by GPM Investments
  • Absolute NNN lease with no landlord responsibilities
  • Lease term runs through July 2042, with 2% annual escalations and six 5‑year renewal options

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Cardtronics ATM Atm Handy Mart Grocery & Convenience Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,816
Businesses Nearby
274k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 55% Shops & Services 37% Groceries 5% Hotels & Casinos 3%
Sheetz Shops & Services
44,586 visits/mo 0.3 miles
McDonald's Dining
26,818 visits/mo 0.4 miles
Bojangles' Famous Chicken 'n Biscuits Dining
25,188 visits/mo 0.4 miles
Cook Out Dining
22,497 visits/mo 0.3 miles
Dollar Tree Shops & Services
14,687 visits/mo 0.1 miles

Demographics for 27834, NC

55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Gas station - An absolute NNN lease extends through July 2042, with annual rent increases and six renewal options.
Where is this gas station located?
The property is located at 1000 S MEMORIAL DR Greenville, NC.
What is the asking price?
The asking price for this property is $3,131,776.
What are key features of this property?
This property features: 2,452‑square‑foot gas station occupied by GPM Investments; Absolute NNN lease with no landlord responsibilities; Lease term runs through July 2042, with 2% annual escalations and six 5‑year renewal options
(859) 581-1113 Call to check price and availability
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