7135 Nc Highway 4 - Restaurant FOR SALE


Battleboro, NC 27809
$1,265,000 USD
516-340-9696
7135 Nc Highway 4, Battleboro, NC for Sale
$1,265,000 USD
Restaurant - FOR SALE
1/4
null | 7.01% Cap Rate

7135 Nc Highway 4
Battleboro, NC 27809


HIGHLIGHTS

  • NNN Denny’s Restaurant For Sale
  • Walking distance to three hotels
  • Strategically located off of I-95
  • Restaurant serves as a rest stop for long haul truck operators
  • Tenant pays the real estate taxes directly to the municipality
  • Median Household Income of $60,000.00

OVERVIEW

SOVEREIGN REALTY GROUP, as exclusive agent is pleased to offer for sale 7135 NC-4 in Battleboro, NC This freestanding Denny’s Restaurant is ideally located just off of Interstate 95 in the Rocky Mount North Carolina area approximately 1 hour North of Raleigh. It is located 6 miles from North Carolina Wesleyan University and one of Pfizer Pharmaceuticals main manufacturing and distribution facilities. It is next door to a Baymont by Wyndham hotel providing 24 hour dining to many of Baymont’s guests. The property is also within walking distance from 5 other motels. The site also serves as a dining and rest area for commercial truck operators traveling through Interstate 95. The parking lot can accommodate up to 14 tractor trailers. A new exit ramp is being constructed off of I-95 which will allow a better connection to NC-4 and direct more traffic towards this Denny’s and the surrounding businesses. The surrounding area is home to over 12,000 residents with average household incomes of approximately $81,575. Approximately 6,500 cars pass the site daily. This particular Denny’s was constructed in 1992. The franchise is operated by RJC, LLC. RJC is based out of Livermore, California and operates a total of 34 Denny’s franchised restaurants. The majority of those restaurants are located in North Carolina. The lease is pure NNN with no landlord responsibilities and provides for rent escalations approximately every 5 years.

FOR SALE DETAILS

PRICE

$1,265,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

NNN Denny's Restaurant Building for Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

FI

APN/PARCEL ID

3844-00-92-9915

ASK ABOUT THIS PROPERTY

Clem CoteSovereign Realty GroupMore Info
516-340-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Clem CoteSovereign Realty GroupMore Info
516-340-9696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.