Former Pizza Hut Restaurant
For Sale
Contact for pricing
1301 Gum Br Rd, Jacksonville, NC 28540
Fully equipped restaurant building on a corner lot with strong multi-direction access and exposure on a 4-lane roadway.
Property Size2,520 SF
Lot Size0.52 Acres
Price / SF$287.70
Days on Market158
Property Features for 1301 Gum Br Rd
General Information
Standard status
Active
Size
2,520 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Additional Details
Commercial Hood
Yes
Listing Agency:
Ray Properties Inc
(910) 388-6620
Listed By:
Matthew Ray · License #145288
(910) 388-6620
Source:
Moodyscre
Added: Feb 23
Changed: Jul 30
Last Checked: Jul 30 at 8:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ray Properties Inc
Investment Insights
Based on property information with market context.
This former Pizza Hut restaurant building offers a turn-key starting point for a new restaurant concept. The 2,500 SF building includes a spacious dining area, dual commercial hood system, walk-in refrigerator, and walk-in freezer. It also features a dedicated pick-up area and fry station area, along with two restrooms.
The property sits on a .52-acre corner lot in a high-visibility, high-traffic 4-lane location. With access and exposure from multiple directions, the site is set up to support restaurant operations and customer ingress/egress, with ample lot size for parking.
Available for sale or lease, this is a proven restaurant site with the core back-of-house improvements already in place, offering flexibility for restaurant users, fast-casual concepts, or conversion to another retail use.
The property sits on a .52-acre corner lot in a high-visibility, high-traffic 4-lane location. With access and exposure from multiple directions, the site is set up to support restaurant operations and customer ingress/egress, with ample lot size for parking.
Available for sale or lease, this is a proven restaurant site with the core back-of-house improvements already in place, offering flexibility for restaurant users, fast-casual concepts, or conversion to another retail use.
Key Highlights
- 2,500 SF former Pizza Hut restaurant building
- .52‑acre corner lot with multi‑direction access and exposure
- Spacious dining area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $18.00 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $43.1k | $17.10 |
| − OpEx | −$10.8k | −$4.27 |
| NOI | $32.3k | $12.83 |
2,520 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$461.7K
$404.0K – $538.7K
NOI $32,319 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 21%
Apparel 16%
Dining 2%
Ollie's Bargain Outlet
Shops & Services
21,733 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
16,885 visits/mo
0.5 miles
Exxon
Shops & Services
10,551 visits/mo
0.3 miles
Dollar General
Shops & Services
6,746 visits/mo
0.1 miles
Plato's Closet
Apparel
6,338 visits/mo
0.1 miles
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant building on a corner lot with strong multi-direction access and exposure on a 4-lane roadway.
Where is this conventional restaurant located?
The property is located at 1301 Gum Br Rd Jacksonville, NC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,500 SF former Pizza Hut restaurant building; .52‑acre corner lot with multi‑direction access and exposure; Spacious dining area
