Description

420 East New Hope Road is a Speedway convenience and fuel property offered for sale in Goldsboro, NC. The 2,106 SF retail building sits on 0.92 acres, giving investors a defined retail asset with an operating income profile.

Built in 2006 and renovated in 2022, the Property pairs its convenience and fuel format with monument signage and surface parking. Traffic count is 10,689 AADT, a relevant measure for a business that serves motorists as well as customers making planned stops. The site has 3 parking spaces, and the monument sign gives the Property an identified point of visibility. For a retail investor, the building size, land area and roadside exposure establish the physical setting behind the income, while the renovation date helps place the asset in its ownership timeline.

The asking price is $2,800,000 at a 5% cap rate. The Property has $140,000 in NOI, $140,000 in stabilized NOI and in-place rents of $140,000/year. Its Absolute Net lease structure is central to the investment case: buyers can examine the income alongside a defined allocation of property expenses rather than treating the rent figure in isolation. The opportunity is an income-producing convenience and fuel property whose price, lease structure and roadside retail setting can be weighed together.