GPM Gas Station with NNN
6427 Carolina Beach Rd, Wilmington, NC 28412
For Sale
Contact for pricing
The property carries a triple-net lease with scheduled annual rent increases.
Property Size5,181 SF
Lot Size1.84 Acres
Price / SF$319.16
Days on Market42
Property Features for 6427 Carolina Beach Rd
General Information
Standard status
Size
Lot size
Property subtype
Automotive
Automotive Uses
Convenience Store
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Real Estate Included
Building Details
Buildings
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 6:15PM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
This GPM gas station and convenience store in Wilmington, North Carolina, contains 5,181 rentable square feet on a 1.84-acre parcel. The property is leased on a triple-net basis under a 23-year lease that began March 27, 2008, with annual rent increases scheduled at 2.00%.
Key Highlights
- 5,181 rentable square feet on a 1.84‑acre parcel
- GPM gas station and convenience store in Wilmington, North Carolina
- 23‑year triple‑net lease commenced 3/27/2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,792
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,840
$1.1M
Cap Rate 7%
$782,743
$782.7K
Cap Rate 9%
$608,800
$608.8K
Market Conditions
NOI Build-Up for 5,181 SF
Gross rent
$81.4K $15.72/SF
− Vacancy
−$8.4K −$1.62/SF
EGI
$73.1K $14.10/SF
− OpEx
−$18.3K −$3.53/SF
NOI
$54.8K $10.58/SF
Area
Wilmington, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,840
Cap Rate 7%
$782,743
Cap Rate 9%
$608,800
Alternative Uses
Best Use
Specialty Retail
$782.7K
$684.9K – $913.2K
NOI $54,792 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$754.9K
$660.5K – $880.7K
NOI $52,842 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,759 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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Business Placement
Demographics for 28412, NC
42,758
Population
20,704
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
93%
High-School Grad
22.3 sq mi
ZIP Area
1,917
Density / Sq Mi
$67,396
Median Household Income
$40,351
Median Earnings
$1,326
Median Rent
$342,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - The property carries a triple-net lease with scheduled annual rent increases.
Where is this gas station located?
The property is located at 6427 Carolina Beach Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $1,653,575.
What are key features of this property?
This property features: 5,181 rentable square feet on a 1.84‑acre parcel; GPM gas station and convenience store in Wilmington, North Carolina; 23‑year triple‑net lease commenced 3/27/2008
