For Sale
$1,265,000

7135 Nc-4 Rocky Mount, NC 27809

High-traffic NNN Denny's, strong ROI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple ownership of a thriving Denny's restaurant located at 7135 NC-4, Rocky Mount, NC 27809, in Nash County. The 3,926 square foot, single-story building, constructed in 1992, sits on a 1.22-acre lot with ample parking for 71 vehicles, including space for up to 14 tractor-trailers. The property benefits from a prime location directly off I-95, experiencing approximately 6,500 cars passing daily, and is conveniently situated near North Carolina Wesleyan University and a major Pfizer facility. Its proximity to a Baymont by Wyndham hotel and other motels ensures consistent customer traffic. The current lease, a triple-net (NNN) agreement with the franchisee, RJC, LLC, has a remaining term of 3.1 years, expiring December 31, 2027, with two 5-year renewal options. The lease commenced December 2, 2018, and includes rent bumps of 7.5% every 5 years. The property boasts a 7.01% cap rate and a current NOI of $88,687. The asking price is $1,265,000. The property is zoned GB (General Business) and offers a 100% occupancy rate. A new I-95 exit ramp under construction will further enhance accessibility and traffic flow. This is a strong investment opportunity with a proven track record and significant upside potential. The surrounding area has a median household income of approximately $81,575.

Highlights

  • NNN-leased Denny's Restaurant.
  • Rent increase effective January 2024.
  • Excellent I-95 visibility and accessibility.
  • Tenant responsible for real estate taxes.
  • $60,000 median household income in the area.
  • High traffic count: approximately 6,500 vehicles daily.

Property Details for 7135 Nc-4

Property type
Retail properties, Restaurants
Square Feet
3,926 SF
Year Built
1992
Buildings
1
Stories
1
Lot Size (sq. ft)
53,143 SF

Location Insight

City
Rocky Mount
County
Nash
State
North Carolina
Latitude
36.060890008661
Longitude
-77.815375666032

FAQs

What type of property is this?
Retail property - High-traffic NNN Denny's, strong ROI.
Where is the retail property located?
The property is located at 7135 Nc-4 Rocky Mount, NC.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: NNN-leased Denny's Restaurant.; Rent increase effective January 2024.; Excellent I-95 visibility and accessibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7135 Nc-4
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message