1980 Dellwood City Rd Waynesville, NC 28786
- Retail properties
- 1.04 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1980 Dellwood City Rd
- Year built
- 1997
- Lot size
- 1.04 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple owned (land and building) convenience store and gas station in Waynesville, North Carolina. Located on US Highway 19 (24,300 VPD) and near the intersection of US Highway 19 and US Highway 276 (15,600 VPD), this property benefits from high visibility and accessibility. The 2,550 square foot building sits on a 1.04-acre lot and is currently under a 15-year absolute NNN lease (commencing April 1, 2023, and expiring March 31, 2038), with a credit-rated tenant. The lease includes 10% rent bumps every five years, providing consistent income growth. The property boasts a strong Net Operating Income (NOI) of $204,493, making it an ideal, management-free investment for passive investors. Its central location between Knoxville (93 miles) and Charlotte (143 miles) further enhances its appeal. The property's proximity to Haywood Christian Academy and Shining Rock Classical Academy adds to its strategic positioning. Built in 1997, this asset offers excellent visibility and access from US Highway 276, with two access points. The tenant is responsible for all property maintenance, taxes, and insurance, minimizing landlord responsibilities. This is a truly passive investment opportunity with significant long-term potential.
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
- Waynesville
- County
- Haywood
- State
- North Carolina
- Longitude
- -82.9986
- Latitude
- 35.5285
