Exxon-Branded Gas
New
For Sale
$1,300,000
6320 Jordan Rd, Ramseur, NC 27316
Convenience retail and fuel operations are offered with the underlying real estate along the US-64 corridor.
Property Size3,296 SF
Price / SF$394.42
Days on Market3
Property Features for 6320 Jordan Rd
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
Modified Gross
Financials
Cap Rate
10.98%
Business Included
Yes
Amenities
Real Estate and Business Offered Together
Multiple Income Streams From Fuel, Inside Merchandise, Lottery, and Hunts Brothers
Roadside Visibility On US-64 Receiving 25,000 VPD
Services Daily Needs Of Nearby Population, Regional Commuters, and Pass - Through Travel From Raleigh to Asheboro
Prime Location Between Toyota Battery Manufacturing Plant and Wolfspeed Factory
Turnkey Operation With Hunts Brothers Food Program Just Implemented In August 2026
Proven Upward Sales Trajectory With Ownership Doubling Inside Sales In Less Than Two Years
Building Details
Building Size
3,296 SF
Listing Agency:
Marcus & Millichap - Raleigh
(919) 674-1125
Listed By:
Krish Patel · License #License(s): NC: 358181
(919) 674-1125
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 30 at 1:17PM
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 Marcus & Millichap - Raleigh
Investment Insights
Based on property information with market context.
This Exxon-branded gas station combines a convenience store with a fuel center and is being offered as a combined real estate and business acquisition. The property is located at 6320 Jordan Rd in Ramseur, North Carolina, with a position along the US-64 corridor east of Asheboro.
Inside sales have doubled over the last two years, providing a documented operating trend for prospective ownership to evaluate. The store serves the surrounding rural trade area and offers both fuel and convenience retail components from one location.
Inside sales have doubled over the last two years, providing a documented operating trend for prospective ownership to evaluate. The store serves the surrounding rural trade area and offers both fuel and convenience retail components from one location.
Key Highlights
- Exxon‑branded convenience store with fuel center
- Real estate and operating business offered together
- Located along the US‑64 corridor east of Asheboro
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,607
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$852,140
$852.1K
Cap Rate 7%
$608,671
$608.7K
Cap Rate 9%
$473,411
$473.4K
Market Conditions
NOI Build-Up for 3,296 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.5K $18.96/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$60.9K $18.47/SF
− OpEx
−$18.3K −$5.54/SF
NOI
$42.6K $12.93/SF
Area
Randolph County, NC
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$852,140
Cap Rate 7%
$608,671
Cap Rate 9%
$473,411
Alternative Uses
Best Use
Retail
$608.7K
$532.6K – $710.1K
NOI $42,607 @ 7.0% cap · market cap 3.28%
Second Best
Specialty Retail
$412.8K
$361.2K – $481.6K
NOI $28,893 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.13M
$992.1K – $1.32M
NOI $79,366 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
McDonald's
Dining
34,258 visits/mo
0.5 miles
Dollar General
Shops & Services
10,099 visits/mo
0.2 miles
Exxon
Shops & Services
3,720 visits/mo
0.0 miles
O'Reilly Auto Parts
Shops & Services
2,916 visits/mo
0.2 miles
Family Dollar
Shops & Services
675 visits/mo
0.3 miles
Demographics for 27316, NC
6,664
Population
3,101
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
67.7 sq mi
ZIP Area
98
Density / Sq Mi
$52,699
Median Household Income
$36,535
Median Earnings
$830
Median Rent
$141,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Convenience retail and fuel operations are offered with the underlying real estate along the US-64 corridor.
Where is this gas station located?
The property is located at 6320 Jordan Rd Ramseur, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Exxon‑branded convenience store with fuel center; Real estate and operating business offered together; Located along the US‑64 corridor east of Asheboro
