Hwy 55 | Roanoke Rapids, NC 301 Premier Blvd

301 Premier Blvd , Roanoke Rapids, North Carolina, 27870 | 2,405 sq.f | $ 2,333,141

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About This Restaurant

Investment Highlights

Executive Summary

Absolute NNN Lease -Long-term absolute NNN lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 17 years of term remaining, and two 10-year options.Solid Placer.ai Ranking -This location ranks within the 99th percentile nationally based on visits according to Placer.ai.Prime Retail Location -Strategically located in the middle of a dense retail area with many national tenants including Walmart, Dollar Tree, Belk, Hibbet Sports, Dunham's, Chick-fil-A, Starbucks, and many others.New Build with Drive-Thru -This Hwy 55 location was built in 2021 and has over an acre lot. The location features a drive-thru, ample parking, and great signage.High-profile, Corner Location -Property is strategically situated on a high-profile corner along Premier Boulevard with quick access to Interstate 95 and Highway 158. I-95 is the main north?south Interstate Highway on the East Coast, running through North Carolina and has traffic counts over 40K in Roanoke Rapids.Regional Hub -Roanoke Rapids is the largest city in the Roanoke Rapids Micropolitan Statistical Area and is an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA. The city serves as a regional hub for retail, business, and healthcare.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
  • Building Size    2,405
  • Year Built    2021
  • Price    2,333,141
  • Price Per SF    970
  • Cap Rate    6.75
  • NOI    157,487
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.05
  • Land Acres    1.10 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Nearby Amenities & Transportation

Retail Hwy 55 Burgers Shakes & Fries
Retail Starbucks
Retail Rent-A-Center
Retail Waffle House
Retail Woodforest National Bank
Retail First Citizens Bank
Retail Applebee's
Retail Logan's Roadhouse
Retail Truist
Retail Ruby Tuesday

Property Taxes

Parcel Number 09-20053 Improvements Assessment $494,500
Land Assessment $420,700 Total Assessment $915,200
Date Created: 2024-07-16 04:16:23 Last Updated: 2024-07-16 04:16:23
Address: 301 Premier Blvd , Roanoke Rapids, North Carolina, 27870