For Sale
$5,400,000

195 Old Mocksville RdStatesville, NC 28625

High-ROI Sheetz Gas Station, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 6,500-square-foot Sheetz gas station situated on a 4.3-acre lot in Statesville, North Carolina. Built in 2024, this Class A property boasts a 14.5-year remaining lease term (expiring 05/31/2039) with a corporate guarantee from Sheetz, Inc., a reputable company operating over 680 locations across six states. The absolute NNN ground lease structure ensures minimal landlord responsibilities, with a substantial net operating income (NOI) of $270,000. Rent increases are built in, with a 10% bump every five years. The property features 28 parking spaces and is strategically located on Old Mocksville Road, providing convenient access from I-40 via exit 154, a high-traffic area with 41,500 vehicles per day. Its proximity to a major interchange between I-40 and I-77, Davis Regional Medical Center, and a dense industrial corridor further enhances its value. The surrounding area shows significant population growth (26.21% from 2010-2024) and a high average household income ($94,193 within a 1-mile radius). Nearby amenities include major retailers, educational institutions (Mitchell Community College and Statesville High School), and Statesville Regional Airport. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The asking price is $5,400,000. Lease options include 7 and 5-year extensions.

Highlights

  • 2024 new construction with a fresh 15-year lease to Sheetz, Inc.
  • Absolute net ground lease; zero landlord responsibilities.
  • Corporate lease with Sheetz, Inc., operating over 680 locations across six states.
  • Strategically located at I-40 exit 154, a high-traffic area (41,500 vehicles per day), near a new I-40/I-77 interchange.
  • Across from Davis Regional Medical Center (144 beds) in a dense industrial corridor (3.3M SF within 2 miles), with three new industrial warehouses (250k-400k SF) under construction nearby.
  • 4.3-acre parcel.

Property Details for 195 Old Mocksville Rd

Property type
Retail properties, Gas stations
Square Feet
6,500 SF
Class
A
Year Built
2024
Buildings
1
Lot Size (sq. ft)
187,308 SF
Units
1

Location Insight

City
Statesville
County
Iredell
State
North Carolina
Latitude
35.8149473
Longitude
-80.8329261
195 Old Mocksville Rd, Statesville, North Carolina

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195 Old Mocksville Rd
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