Drive-Through Restaurant with Dedicated
For Sale
Contact for pricing
Pending
2470 Gum Branch Rd, Jacksonville, NC 28540
A 2021-built restaurant includes a dedicated service lane, cross-access, and a 5-year lease with renewal option.
Property Size5,863 SF
Lot Size1.70 Acres
Days on Market573
Property Features for 2470 Gum Branch Rd
General Information
Standard status
Pending
Size
5,863 SF
Lot size
1.70 Acres
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Building Details
Year Built
2021
Buildings
1
Listing Agency:
Ray Properties Inc
(910) 388-6620
Listed By:
Matthew Ray · License #145288
(910) 388-6620
Source:
Moodyscre
Added: Jan 9, 2025
Changed: Jul 31
Last Checked: Aug 5 at 4:50AM
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.
Finished in 2021, this 5,863-square-foot drive-through restaurant fronts Gum Branch Rd in Jacksonville, North Carolina, just seconds from Western Blvd. The property includes a dedicated drive-through lane designed for efficient service, along with ample parking and operational flexibility supported by cross-access. The building sits on 1.7 acres and produces a 6% cap rate.
A 5-year lease is in place beginning January 1, 2026, with one 5-year renewal option. The surrounding area includes more than 1,500+ new homes planned within a 3-mile radius. The property is positioned in a busy area with heavy vehicle counts and fronts Gum Branch Rd, providing direct roadway exposure.
A 5-year lease is in place beginning January 1, 2026, with one 5-year renewal option. The surrounding area includes more than 1,500+ new homes planned within a 3-mile radius. The property is positioned in a busy area with heavy vehicle counts and fronts Gum Branch Rd, providing direct roadway exposure.
Key Highlights
- 5,863 SF drive‑through restaurant finished in 2021
- 6% cap rate with a 5‑year lease beginning January 1, 2026
- One 5‑year renewal option included in the lease
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 | $105.5k | $18.00 |
| − Vacancy | −$5.3k | −$0.90 |
| EGI | $100.3k | $17.10 |
| − OpEx | −$25.1k | −$4.27 |
| NOI | $75.2k | $12.83 |
5,863 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$939.9K – $1.25M
NOI $75,193 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,155 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 26%
Shops & Services 16%
Beauty & Spa 2%
McDonald's
Dining
28,666 visits/mo
0.1 miles
Lowes Foods
Groceries
25,639 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
21,301 visits/mo
0.2 miles
Wendy's
Dining
18,701 visits/mo
0.1 miles
Taco Bell
Dining
13,485 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
Drive through restaurant - A 2021-built restaurant includes a dedicated service lane, cross-access, and a 5-year lease with renewal option.
Where is this drive through restaurant located?
The property is located at 2470 Gum Branch Rd Jacksonville, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,863 SF drive‑through restaurant finished in 2021; 6% cap rate with a 5‑year lease beginning January 1, 2026; One 5‑year renewal option included in the lease
