Current Use by Public Records
- Retail properties & Spaces
Property Details for 510 Greer St
- Year built
- 2025
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a 5,372 square foot Speedway (7-Eleven) gas station located at 510 S Greer St, Cordele, GA 31015. Boasting a strategic location directly off I-75 (approximately 53,800 vehicles per day), this property offers ample fuel options including 8 MPD for 2-axle vehicles and a separate 4-lane diesel canopy. Situated on a large 7.20-acre parcel, the property benefits from its prime position in Cordele, known as the "Gateway to South Georgia" and the "Watermelon Capital of the World." Cordele-Crisp County's unique access to three major railroads (CSX, Norfolk Southern, and the Heart of Georgia Railroad) further enhances its logistical advantages. The property features a rare 18-year base lease term with four, 5-year renewal options, providing long-term stability. The lease is corporately guaranteed by 7-Eleven, Inc., a company with an investment-grade credit rating of 'A' (S&P), and a significant global presence (13,000+ stores in the US and 85,000+ worldwide). This well-established business, with a 98+ year operating history, offers a compelling 5.25% cap rate and a strong NOI of $440,000, making it an attractive addition to any portfolio. The asking price is $8,381,000. Built in 2025, this property represents a turnkey investment opportunity with significant upside potential.
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
- Cordele
- County
- Crisp
- State
- Georgia
- Longitude
- -83.7561
- Latitude
- 31.9547
