For Sale
$3,756,521

8812 Harvest Oaks Dr Raleigh, NC 27615

High-performing Zaxby's, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - High-performing Zaxby's, strong ROI.
Where is the retail property located?
The property is located at 8812 Harvest Oaks Dr Raleigh, NC.
What is the asking price?
The asking price for this property is $3,756,521.
What are key features of this property?
This property features: $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.
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.
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8812 Harvest Oaks Dr
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