For Sale
$2,704,423

1544 Nc-56Creedmoor, NC 27522

High-traffic NC location, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a freestanding KFC/Taco Bell restaurant located at 1544 NC-56 in Creedmoor, North Carolina, 27522. The property, built in 1984 and renovated in 2017, sits on a one-acre lot and boasts 2,599 square feet of net rentable space. Currently operating under a single-tenant, absolute NNN lease with Taco Bell and KFC, the lease commenced March 20, 2019, and extends to March 31, 2039, providing a substantial remaining lease term of 14.4 years. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $114,938, resulting in a compelling 4.25% cap rate. The lease includes a beneficial rent increase provision of 10% every five years, ensuring consistent income growth. This strategically positioned property benefits from high visibility and traffic counts due to its location on a major east-west arterial thoroughfare with exposure from Interstate 85. The asking price is $2,704,423. This is a rare opportunity to acquire a well-established, passively managed, and high-performing QSR investment with significant long-term potential.

Highlights

  • Absolute NNN Lease with significant remaining term.
  • No landlord responsibilities.
  • 10% rent increase in two years.
  • Strong property fundamentals.
  • High-traffic location at I-85 and NC-56 intersection.
  • Creditworthy tenant: 185-unit luxury Luihn Vantedge.

Property Details for 1544 Nc-56

Property type
Retail properties, Restaurants
Square Feet
2,599 SF
Year Built/Renovated
1984/2017
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Creedmoor
County
Granville
State
North Carolina
Latitude
36.1547207
Longitude
-78.7589558
1544 Nc-56, Creedmoor, North Carolina

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1544 Nc-56
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