For Sale
$6,000,000

2606 Medical Office PlGoldsboro, NC 27534

High-traffic Wawa, strong ROI. 20-year lease.

Overview

Added:
Feb 13
Days on market:
51
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.

Highlights

  • $6,000,000 Asking Price, Net Lease Investment.
  • Absolute NNN Ground Lease with Wawa, Corporate Guarantee.
  • 20-Year Lease Term (2024-2044) with 6 five-year renewal options, 10% rent increases every five years in option periods.
  • 6,049 SF, New Construction (2024), 5.00% Cap Rate, $300,000 NOI.
  • Prime Goldsboro, NC location near Wayne Memorial Hospital (2,000+ employees) and Seymour Johnson Air Force Base (12,000+ personnel).
  • High-traffic area (24,500 AADT on Wayne Memorial Drive, 41,000 AADT on US Route 13).

Property Details for 2606 Medical Office Pl

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,049 SF
Year Built
2024

Location Insight

City
Goldsboro
County
Wayne
State
North Carolina
Latitude
35.4008318
Longitude
-77.954338
2606 Medical Office Pl, Goldsboro, North Carolina

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2606 Medical Office Pl
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