Zaxby's 8812 Harvest Oaks Dr

8812 Harvest Oaks Dr , Raleigh, North Carolina, 27615 | 2,962 sq.f | $ 4,318,225

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About This Restaurant

Investment Highlights

Secured by a 20-year absolute triple net lease and 10% rent increases every 5 years Outparcel pad to a grocery anchored shopping center surrounded by top-rated national tenants Premier Location, Close to 3 Major Residential Communities High Barrier of Entry Corridor, extending to Highway 540 and Six Forks Road

Executive Summary

Century Partners Real Estate, Inc., in association with broker of record Danielle McLaughlin and ParaSell, Inc., is pleased to present an exclusive offering to acquire a single-tenant property leased to one of the top Zaxby?s operators (ZaxNC) in the system (the ?Property?). Secured by a 20-year absolute triple net lease and 10% rent increases every 5 years, this structure ensures a predictable rental income while significantly reducing management responsibilities for property owners. Investors enjoy a reliable return on investment without day-to-day operational burdens benefiting from a hands-off approach.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Fast Food Restaurant
  • Building Size    2,962
  • Building Class    B
  • Year Built    1996
  • Price    4,318,225
  • Price Per SF    1,458
  • Cap Rate    5.50
  • NOI    237,504
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.74 AC

Amenities

  • Bus Line
  • Signage
  • Drive Thru

Nearby Amenities & Transportation

Retail Aqua-Tots Swim Schools
Retail Food Lion Inc
Retail Starbucks
Retail CrossFit
Retail Lowes Foods
Retail Planet Fitness
Retail Whole Foods Market
Retail First Horizon Bank
Retail Chase Bank
Retail My Gym

Property Taxes

Parcel Number 1708.13-13-4815-000 Improvements Assessment $580,212
Land Assessment $801,310 Total Assessment $1,381,522
Date Created: 2024-07-16 04:16:23 Last Updated: 2024-07-16 04:16:23
Address: 8812 Harvest Oaks Dr , Raleigh, North Carolina, 27615