1006 Hampton Inn WayJacksonville, NC 28546

Property Details for 1006 Hampton Inn Way

Lot size

1.47 AC

Property size (Sq ft)

3,808 SF

Zone code

CC

Property type

Commercial real estate

APN

155245

APU

155245

Description

This exceptional investment opportunity presents a 3,627 square foot Chicken Salad Chick restaurant in Jacksonville, NC, situated on a 1.47-acre lot. The property boasts a new 10-year absolute NNN lease commencing April 1, 2024, and expiring March 31, 2034, with two 5-year renewal options. The lease includes rent bumps, minimizing landlord responsibilities and providing a strong, corporate-guaranteed income stream. Built in 2017 and currently undergoing renovations (completed in 2024), the restaurant features a drive-thru and outdoor patio, catering to the growing demand for convenient dining. The property enjoys a prime retail location along a major Jacksonville thoroughfare, near Highway 17, offering high visibility and accessibility. This strategic location benefits from proximity to numerous hotels and national retailers, including Target, Walmart, Lowe's, Hobby Lobby, and Best Buy. Jacksonville's robust economy is significantly bolstered by the presence of Camp Lejeune, a major Marine Corps installation, contributing to a strong demographic profile with a population exceeding 183,000 within a 10-mile radius and an average household income over $64,000. The property's current Net Operating Income (NOI) is $108,810, yielding a 5.88% cap rate, and the asking price is $1,850,510 ($510.20 per square foot). This represents a compelling investment in a thriving market with a well-established, rapidly expanding brand. The property is currently 100% occupied. Note that images are representative of the brand and may not reflect the exact property appearance.

• CAP approach

  CAP return

  Valuation

  6%

  $1,046,110

  6.5%

  $965,638

  7%

  $896,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,008,060

  Geo Method

  $874,088

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,087,790

  Retail / Commercial

  $1,034,070

  Mixed-Use / Specialty

  $1,001,580

  Hospitality / Lodging

  $697,337

  Office

  $965,638

  Institutional / Educational

  $1,030,950

  Residential Income

  $1,206,210

  Multifamily

  $1,606,310

  Automotive / Energy

  $883,671

  Parking / Income-Based Land

  $333,395

  Restaurant / Food Service

  $459,473

  Healthcare / Senior Housing

  $1,056,630

Location Insight

City

Jacksonville

County

Onslow

State

North Carolina

Latitude

34.7897

Longitude

-77.407

CBSA code

27340

CBSA name

JACKSONVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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