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Virtual Drive-By

Chevron Absolute NNN

160 JEFFREY WAY · YOUNGSVILLE, NC 27596 · Convenience / Fuel

Asking price
$178,000
Cap rate
6.19%
NOI
$11,025

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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 & option periods
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 SF160
Price / SF$1,113
Year built2006
Lot size1.37 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.

POSITIONED IN ONE OF THE FASTEST-GROWING METROS IN THE U.S.

  • ​Youngsville is located within the Raleigh-Durham MSA, ranked the #1 fastest-growing large metro in the U.S. (U.S. Census, 2023), with a population exceeding 1.5 million and projected to reach 2 million by 2030.

LOGISTICS GATEWAY

  • ​Youngsville sits along US Highway 1 — a primary commercial artery carrying 27,000 AADT — and is directly accessible via US-401 and NC-96, forming a key node in the Triangle's northern distribution corridor.

YOUNGSVILLE — ONE OF NC'S FASTEST-GROWING MUNICIPALITIES

  • ​Youngsville's population has grown over 60% in the past decade, from ~1,100 to nearly 2,000+ residents, with hundreds of new single-family permits issued annually.

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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.