7-Eleven 1857 Princeton Kenly Rd 4,687 SF Retail Building Kenly, NC 27542 $13,713,587 CAD ($2,925.88 CAD/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15 Year Lease |
- I-95 Corridor
- Zero Landlord Responsibilities
- Large Format Truck Stop
EXECUTIVE SUMMARY
Stonecliff is pleased to present the fee-simple interest in a brand-new, single-tenant 7-Eleven located at 1857 Princeton Kenly Road in Kenly, North Carolina. This property, part of a large-format truck stop spanning 9.61 acres, features brandnew 2024 construction and a 15-year corporate lease. The lease includes 10% rent escalations every five years and operates under a NNN structure, ensuring zero landlord responsibilities. Strategically positioned along Interstate 95, the site benefits from over 38,800 vehicles per day, catering to significant trucker and commuter traffic. The property is equipped with 8 MPDs (16 fuel pumps) and 5 high-flow diesel stations, enhancing its appeal to commercial and freight vehicles. Additionally, the site houses a Raise the Roost restaurant, increasing foot traffic and boosting sales volume. Located just 42 miles east of Raleigh, this opportunity offers investors a long-term, stable asset in a high-traffic corridor, benefiting from strong demographics and consistent growth in the region
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,687 SF
Building Class
B
Year Built
2024
Price
$13,713,587 CAD
Price Per SF
$2,925.88 CAD
Cap Rate
5.40%
NOI
$740,534 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
9.61 AC
Zoning
C - Commercial
Frontage
204’ on Princeton Kenly Road
NEARBY MAJOR RETAILERS
CONTACTS
-
Teddy Leonard -
Ryan Eklund -
Stonecliff Real Estate
