195 Old Mocksville Rd Statesville, NC 28625
- Retail properties
- 6,500 SF
- 4.30 lot acres
Current Use by Public Records
- Sheetz / Convenience Store / Beer Store
- PNC ATM / Atm
Property Details for 195 Old Mocksville Rd
- Year built
- 2024
- Lot size
- 4.30 lot acres
- Property size
- 6,500 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a brand-new, 6,500-square-foot Sheetz gas station situated on a 4.3-acre lot in Statesville, North Carolina. Built in 2024, this Class A property boasts a 14.5-year remaining lease term (expiring 05/31/2039) with a corporate guarantee from Sheetz, Inc., a reputable company operating over 680 locations across six states. The absolute NNN ground lease structure ensures minimal landlord responsibilities, with a substantial net operating income (NOI) of $270,000. Rent increases are built in, with a 10% bump every five years. The property features 28 parking spaces and is strategically located on Old Mocksville Road, providing convenient access from I-40 via exit 154, a high-traffic area with 41,500 vehicles per day. Its proximity to a major interchange between I-40 and I-77, Davis Regional Medical Center, and a dense industrial corridor further enhances its value. The surrounding area shows significant population growth (26.21% from 2010-2024) and a high average household income ($94,193 within a 1-mile radius). Nearby amenities include major retailers, educational institutions (Mitchell Community College and Statesville High School), and Statesville Regional Airport. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The asking price is $5,400,000. Lease options include 7 and 5-year extensions.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Statesville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.8329
- Latitude
- 35.8149
