231 Madison BlvdRoxboro, NC 27573

Property Details for 231 Madison Blvd

Year built

1989

Lot size

1.14 AC

Property size (Sq ft)

3,230 SF

Property type

Drive through restaurants

APN

30 1

APU

301

Description

This exceptional investment opportunity presents a 3,230 square foot Burger King restaurant located at 231 S Madison Blvd, Roxboro, NC 27573. The property sits on a 1.14-acre lot with 42 parking spaces and benefits from a high-traffic location with approximately 47,200 vehicles per day. The property is currently operating under a 20-year Absolute NNN lease with 12 years remaining, commencing October 16, 2016, and expiring October 29, 2036. The lease includes four, 5-year renewal options with 1.50% annual rent increases. The current annual net operating income (NOI) is $191,448, resulting in a 6.25% cap rate at the asking price of $3,063,000. The tenant is a franchisee of a 200+ unit operator, providing strong financial backing and operational stability. The property was remodeled in 2015 to Burger King's 20/20 prototype, demonstrating the tenant's long-term commitment. This is a passive investment with zero landlord responsibilities. The property's proximity to Person High School (1,100+ students) and Person Memorial Hospital (98 beds) further enhances its value and potential for long-term growth. The blended cap rate over the remaining base term is 6.80%, assuming purchase at the list price. This is a 1031 exchange eligible property.

• CAP approach

  CAP return

  Valuation

  6%

  $576,596

  6.5%

  $532,242

  7%

  $494,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $771,071

  Geo Method

  $771,071

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,064,800

  Mixed-Use / Specialty

  $519,486

  Hospitality / Lodging

  $366,992

  Office

  $505,089

  Institutional / Educational

  $536,175

  Residential Income

  $627,325

  Multifamily

  $812,580

  Automotive / Energy

  $459,578

  Parking / Income-Based Land

  $169,323

  Restaurant / Food Service

  $247,013

  Healthcare / Senior Housing

  $543,859

Location Insight

City

Roxboro

County

Person

State

North Carolina

Latitude

36.3925

Longitude

-78.9889

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].