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Virtual Drive-By

Exxon Mobile Absolute NNN

7301 CESSNA DR · GREENSBORO, NC 27409-9304 · Convenience / Fuel

Asking price
$1,136,000
Cap rate
6.35%
NOI
$72,153

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining7.6 yrs
Expiration02/2034
Rent bumps5% every 5-years in base term & options
Options2 x 5-year options
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF—
Price / SF—
Year built1996
Lot size1.50 ac
TypeGas Station, Storefront
Days on market76

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

INSTITUTIONAL-GRADE CREDIT BACKING

  • ​The subject property is leased to GPM Empire LLC (d/b/a Quarles), a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO) — one of the top five convenience store operators in the United States. ARKO operates approximately 3,000 locations across 33 states, generates over $8 billion in annual revenue, and maintains publicly audited financials.

ABSOLUTE NNN — ZERO LANDLORD RESPONSIBILITIES

  • ​The tenant is responsible for all repairs, maintenance, roof, structure, and utilities — delivering a truly passive investment with no management obligations and no capital exposure for the landlord.

RECESSION-RESILIENT, ESSENTIAL-USE ASSET CLASS

  • ​Fleet fueling is a non-discretionary expense for commercial operators. Quarles' 150+ site cardlock network serves industries that require diesel regardless of economic conditions.

STRATEGIC LOCATION IN GREENSBORO'S ESTABLISHED COMMERCIAL CORRIDOR

  • ​Benefits from proximity to Piedmont Triad International Airport (a FedEx mid-Atlantic hub), Honda Aircraft, and Volvo Trucks. The 5-mile trade area encompasses over 100,831 residents with average household incomes of $98,100.

ESSENTIAL-USE WITH 25+ YEAR OPERATING HISTORY

  • ​Quarles has operated continuously at this Greensboro location for over 25 years, underscoring deep site-level customer relationships and proven demand.

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.