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Single-Tenant Sheetz Ground Lease
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1001 N Spence Ave, Goldsboro, NC 27534

Triple net ground lease with 14 years remaining and multiple renewal options for a 24-hour Sheetz built in 2012.

Property SizeContact for details
Days on Market145

Property Features for 1001 N Spence Ave

General Information

Standard status Active
Property subtype Retail
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 2012
Tenancy Single
Listing Agency: The Boulder Group
Listed By: Randy Blankstein · License #IL 471005983
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 8:38AM

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 The Boulder Group

Investment Insights

Based on property information with market context.

This offering is a single-tenant Sheetz ground lease structured as an absolute triple net agreement with zero landlord responsibilities. The 24-hour Sheetz location was built in 2012 and the ground lease has 14 years remaining in the primary term, with four additional 5-year renewal options and 10% rental escalations in each option.

The property is positioned at the corner of a signalized intersection along North Spence Ave, with stated traffic counts of 18,000 VPD on North Spence Ave and 50,000 VPD immediately off of Highway 70. It is directly across from a Walmart Supercenter and near other retailers, including Sam’s Club, Target, Lowe’s, TJMaxx, Ross Dress for Less, and the Berkeley Mall, which is anchored by Belk, JCPenney, and Sears.

The subject site is located at 1001 N Spence Ave in Goldsboro, North Carolina.

Key Highlights

  • Single‑tenant Sheetz absolute triple‑net ground lease with 14 years remaining in the primary term
  • Lease includes four 5‑year renewal options with 10% rental escalations in each option
  • 24‑hour Sheetz location built in 2012 with zero landlord responsibilities

Property Analytics

Current Use

Sheetz Car Wash Tesla Supercharger Electric Vehicle Charging Station

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Parking Lot & Garage HVAC Service Law Firm

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

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby
269k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 35% Shops & Services 30% Dining 29% Hotels & Casinos 4%
Walmart Superstores
93,651 visits/mo 0.2 miles
Sheetz Shops & Services
34,703 visits/mo 0.0 miles
Dollar Tree Shops & Services
23,291 visits/mo 0.1 miles
Bojangles' Famous Chicken 'n Biscuits Dining
20,213 visits/mo 0.1 miles
Ollie's Bargain Outlet Shops & Services
15,727 visits/mo 0.1 miles

Demographics for 27534, NC

30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Gas station - Triple net ground lease with 14 years remaining and multiple renewal options for a 24-hour Sheetz built in 2012.
Where is this gas station located?
The property is located at 1001 N Spence Ave Goldsboro, NC.
What are key features of this property?
This property features: Single‑tenant Sheetz absolute triple‑net ground lease with 14 years remaining in the primary term; Lease includes four 5‑year renewal options with 10% rental escalations in each option; 24‑hour Sheetz location built in 2012 with zero landlord responsibilities
(847) 562-0003 Call to check price and availability
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