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Virtual Drive-By

Sunoco Absolute NNN

6022 RAEFORD RD · FAYETTEVILLE, NC 28304-3054 · Convenience / Fuel

Asking price
$1,100,000
Cap rate
6.61%
NOI
$72,720

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Lease

Lease typeAbsolute NNN
Term remaining7.0 yrs
Expiration
Rent bumpsVaries
Options1- (2) Year Option
Ground leaseNo
Credit profileFranchisee
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 SF2,204
Price / SF$499
Year built1984
Lot size
TypeGas Station
Days on market27

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

  • ​Single Tenant Freestanding Sunoco in Fayetteville, NC
  • ​Absolute NNN Lease Structure with Zero (0) Landlord Responsibilities
  • ​Dense Demographics - 72,900+ People Reside within 3 Mile Radius of Site
  • ​High Traffic Counts - 46,600+ Vehicles Pass Site Per Day on Raeford Rd
  • ​45,900+ Daytime Employees within 3 Mile Radius of Site
  • ​ Located in a Dense Retail Corridor Surrounded by Several National Tenants Including Walmart, Target, Aldi, Starbucks, Burger King, and Many others.

Property overview

Sunoco at 6022 Raeford Road, Fayetteville, NC 28304 is a single-tenant investment located along one of Fayetteville’s busiest retail corridors.​ Offered at $1,100,000 at a 6.61% cap rate with current NOI of $72,720 and approximately 7 years remaining on an absolute NNN lease.​

The 2,300 SF freestanding convenience store and gas station sits on a 4.13-acre parcel with frontage along Raeford Road, where more than 46,600 vehicles pass daily.​ The site benefits from strong surrounding demographics with 72,900+ within 3 miles, and 45,900+ daytime employees in the trade area.​

Positioned in a dense retail hub, the property is surrounded by major national brands including Walmart, Target, Starbucks, Burger King, Walgreens, Family Dollar, and more.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 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.