For Sale
$1,652,175

1076 Andy Griffith PkwyMount Airy, NC 27030

High-ROI Taco Bell NNN Lease, NC

Overview

Added:
Dec 11, 2024
Days on market:
117
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
1076 Andy Griffith Pkwy, Mount Airy, North Carolina

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1076 Andy Griffith Pkwy
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