Current Use by Public Records
- Retail properties & Spaces
Property Details for 2606 Medical Office Pl
- Year built
- 2024
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
Exceptional investment opportunity: a brand-new, 6,049 square foot Wawa convenience store and gas station in Goldsboro, North Carolina, is available for purchase. This property boasts a 20-year absolute NNN ground lease with six 5-year renewal options, featuring 10% rent increases every five years during the option periods. The lease commenced December 12, 2024, and expires December 31, 2044, providing significant long-term stability and predictable cash flow. The property enjoys a prime location on Wayne Memorial Drive, experiencing high daily traffic volume exceeding 24,000 vehicles. Its proximity to Wayne Memorial Hospital (over 2,000 employees) and Seymour Johnson Air Force Base (12,000 personnel) ensures consistent customer traffic. The property's strategic placement within a thriving commercial area, near other businesses, shopping centers (Berkeley Mall and Pinewood Square), and Wayne Community College (nearly 3,000 students), further enhances its appeal. The asking price is $6,000,000, with a current NOI of $300,000, resulting in a 5.00% cap rate. The tenant, Wawa, Inc., provides a corporate guarantee, minimizing risk. This is a truly exceptional, low-management investment opportunity, ideal for out-of-area investors seeking a secure, high-return asset. The property was built in 2024.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goldsboro
- County
- Wayne
- State
- North Carolina
- Longitude
- -77.9543
- Latitude
- 35.4008
