The property is located in a densely populated area with a 5-mile radius population density of 187,751 and an average HHI of $152,701, indicating strong demographic support for Refuel
Situated in a bustling retail hub and surrounded by a diverse tenant roster including major brands like Target, TJ Maxx, Ross, Home Goods, Panera, Starbucks, Chipotle, Food Lion, and Trader Joe’s
Raleigh-Durham was 4th on the list of the Top 10 fastest-growing cities and metro areas in the U.S. in 2022 with a GDP growth of 3.4%.
The absolute net lease structure offers a landlord the benefit of zero management responsibilities and consistent cash flow, as the tenant bears the burden of all expenses, including property taxes, insurance, and maintenance costs
With a lengthy 20-year lease and attractive 10% rent increases every 5 years, this investment provides stable and growing cash flow to hedge against inflation
By qualifying for bonus depreciation, the property may provide buyer with the potential to accelerate tax deductions and increase cash flow, offering significant financial advantages (buyers should consult a top professional for advice and not depend solely on this information)
As Tenant, Refuel Operating Company, LLC boasts extremely robust revenues of more than $1.25 Billion thus providing a landlord with investment security
Refuel Gas Stations, with its impressive network of 227 current locations, has experienced rapid growth since 2019, catering to the increasing demand for convenient and reliable fueling options, while continually expanding its reach to serve more customers across the Southeast