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 & Spaces

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.

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Longitude

-80.8329

Latitude

35.8149