For Sale
$1,652,175

1076 Andy Griffith Pkwy Mount Airy, NC 27030

High-ROI Taco Bell NNN Lease, NC

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 2,233 square foot Taco Bell restaurant in Mount Airy, North Carolina. Situated on a 0.85-acre lot at 1076 N Andy Griffith Pkwy, 27030, this property boasts a 20-year triple-net (NNN) lease with four, five-year renewal options. The lease commenced upon closing and includes a 10% rent increase every five years, ensuring consistent income growth. The property, built in 2023, is currently 100% occupied and features a drive-thru lane. The experienced franchisee, operating over 200 restaurants across five states, ensures strong tenancy. The property's strong location is an outparcel to a Food Lion-anchored center, surrounded by numerous national retailers including Lowe's, Aldi, and many popular restaurants. The asking price is $1,652,175, offering a 5.75% cap rate and a net operating income (NOI) of $95,000. The Mount Airy area, part of a growing metro area of approximately 1.7 million people, benefits from a strong regional economy and diverse employment base, including major corporations in technology, biotechnology, and manufacturing. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location.

Highlights

  • Brand new, 20-year triple-net (NNN) lease with four, five-year tenant renewal options.
  • Lease commences upon escrow closing.
  • Newly built, now open.
  • 10% rent increases every five years throughout the base term and option periods.
  • Includes a drive-thru lane.
  • Experienced franchisee, Luihn Vantedge Partners, LLC, operates over 200 restaurants across five states.

Property Details for 1076 Andy Griffith Pkwy

Property type
Retail properties, Restaurants
Square Feet
2,233 SF
Year Built
2023
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Mount Airy
County
Surry
State
North Carolina
Latitude
36.5245426
Longitude
-80.6260475

FAQs

What type of property is this?
Retail property - High-ROI Taco Bell NNN Lease, NC
Where is the retail property located?
The property is located at 1076 Andy Griffith Pkwy Mount Airy, NC.
What is the asking price?
The asking price for this property is $1,652,175.
What are key features of this property?
This property features: Brand new, 20-year triple-net (NNN) lease with four, five-year tenant renewal options.; Lease commences upon escrow closing.; Newly built, now open.
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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1076 Andy Griffith Pkwy
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