For Sale
$1,265,000

7135 Nc-4Rocky Mount, NC 27809

High-traffic NNN Denny's, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
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
7135 Nc-4, Rocky Mount, North Carolina

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7135 Nc-4
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