5040 Us-117Pikeville, NC 27863
- Retail properties
- 2,200 SF
Property Details for 5040 Us-117
- Lot size
- 0.81 AC
- Property size (Sq ft)
- 2,200 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,200-2,308 square foot Hardee's/Carl's Jr. restaurant located on a prime 0.81-acre corner lot at 5040 US-117 in Pikeville, North Carolina (zip code 27863). The property boasts a highly visible location with excellent ingress and egress, featuring a traffic light and convenient access from two main roads. Currently operating as a Hardee's franchisee-owned restaurant, this sale-leaseback opportunity offers a strong net operating income (NOI) of $88,000, resulting in an attractive 8.00% cap rate. The asking price is $1,100,000. The property includes the building and business equipment. The existing Hardee's lease expires in September 2023, presenting potential for conversion to another quick-service restaurant. The property features a drive-thru, seating, tables, and an air conditioning system. Detailed financial statements (P&L) are available upon request and execution of a non-disclosure agreement. This is a rare opportunity to acquire a well-positioned, high-performing QSR property in a desirable location.
Location Insight
- City
- Pikeville
- County
- Wayne
- State
- North Carolina
- Latitude
- 35.4975
- Longitude
- -77.9813
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