For Sale
$3,756,521

8812 Harvest Oaks DrRaleigh, NC 27615

High-performing Zaxby's, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple, single-tenant, 2,962 square foot Zaxby's restaurant in Raleigh, NC. The property boasts a 20-year absolute NNN lease with a 5.75% cap rate and a substantial $216,000 annual net operating income (NOI). Situated on a 0.74-acre lot at 8812 Harvest Oaks Dr, 27615, this Class B building, constructed in 1996, benefits from a prime location within a grocery-anchored shopping center, surrounded by national retailers such as Target, Home Depot, Food Lion, and Lowe's Foods. The property enjoys high visibility and accessibility, with convenient access to major roadways including Highway 540 and Six Forks Road. The lease includes four 5-year renewal options and a 10% rent increase every five years, ensuring consistent and growing income. Store sales significantly exceed the average unit volume (AUV) by 15%, demonstrating the location's exceptional performance. This sale-leaseback transaction offers a secure, passive income stream with minimal management responsibilities. The asking price is $3,756,521, representing a price per square foot of $1,268.24. The property is 100% occupied and presents a compelling investment opportunity for discerning buyers seeking a stable, high-return asset.

Highlights

  • $3,756,521 asking price for this Zaxby's restaurant.
  • 20-year absolute NNN lease with 10% rent increases every 5 years.
  • Prime location in Raleigh, NC, near three major residential communities.
  • Outparcel to a grocery-anchored shopping center with national tenants like Target, Home Depot, Food Lion, and Lowe's.
  • High-barrier-to-entry location with convenient access to Highway 540 and Six Forks Road.

Property Details for 8812 Harvest Oaks Dr

Property type
Retail properties, Restaurants
Square Feet
2,962 SF
Class
B
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
32,234 SF
Units
1

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.90304065494
Longitude
-78.657719930103
8812 Harvest Oaks Dr, Raleigh, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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 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 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].
8812 Harvest Oaks Dr
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