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    OFF-MARKET
    Retail properties & Spaces

    195 Old Mocksville Rd, Statesville, NC 28625

    6,500 SF 4.3 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2024
    Total area 6,500 SF
    Lot 4.3 ac (187,308 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sheetz Grocery & Convenience Store
    • PNC ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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