Freestanding Drive-Through
For Sale
Contact for pricing
5183-5193 Hwy 70 W, Morehead City, NC 28557
Two newly built buildings support dental and quick-service restaurant operations with separate freestanding layouts.
Property SizeContact for details
Days on Market144
Property Features for 5183-5193 Hwy 70 W
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
37,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
2
Tenancy
Multi
Abandoned
No
Listing Agency:
Wertz Real Estate Investment
(619) 218-6427
Listed By:
John Wertz · License #CA 01448585
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 7:05PM
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 Wertz Real Estate Investment
Investment Insights
Based on property information with market context.
This newly constructed property includes two freestanding buildings: an Aspen Dental office and a Hwy 55 Burgers, Shakes & Fries drive-through restaurant. The dental operation is backed by a new 10-year corporately guaranteed lease, with a 10% increase in year 6 and during three five-year options. The restaurant lease carries a 20-year primary term, corporate guaranty, and 10% increases every five years through the initial term and three five-year options. Site improvements are also in place for a future drive-through ATM ground lease.
The property fronts Hwy 70 in Morehead City, where traffic is reported at more than 37,000 vehicles per day. Hwy 70 connects with Hwy 24 less than one mile away, providing access along the area’s primary retail corridor. Nearby national retailers and traffic generators include Walmart, Lowe’s, Belk, Best Buy, Ross, PetSmart, McDonald’s, Starbucks, Panera, Chick-fil-A, Olive Garden, Dunkin’, Circle K, Dick’s Sporting Goods, LongHorn Steakhouse, Buffalo Wild Wings, Verizon, and Enterprise Rent-A-Car.
The property fronts Hwy 70 in Morehead City, where traffic is reported at more than 37,000 vehicles per day. Hwy 70 connects with Hwy 24 less than one mile away, providing access along the area’s primary retail corridor. Nearby national retailers and traffic generators include Walmart, Lowe’s, Belk, Best Buy, Ross, PetSmart, McDonald’s, Starbucks, Panera, Chick-fil-A, Olive Garden, Dunkin’, Circle K, Dick’s Sporting Goods, LongHorn Steakhouse, Buffalo Wild Wings, Verizon, and Enterprise Rent-A-Car.
Key Highlights
- Two newly constructed freestanding buildings: Aspen Dental and Hwy 55 Burgers, Shakes & Fries
- New 10‑year corporately guaranteed Aspen Dental lease with 10% increase in year 6
- Hwy 55 lease has a 20‑year primary term and 10% increases every 5 years
Property Analytics
Current Use
Lease Details
37,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 28557, NC
14,910
Population
9,168
Households
1.6
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
14.2 sq mi
ZIP Area
1,050
Density / Sq Mi
$67,753
Median Household Income
$38,534
Median Earnings
$1,143
Median Rent
$331,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Two newly built buildings support dental and quick-service restaurant operations with separate freestanding layouts.
Where is this drive through restaurant located?
The property is located at 5183-5193 Hwy 70 W Morehead City, NC.
What are key features of this property?
This property features: Two newly constructed freestanding buildings: Aspen Dental and Hwy 55 Burgers, Shakes & Fries; New 10‑year corporately guaranteed Aspen Dental lease with 10% increase in year 6; Hwy 55 lease has a 20‑year primary term and 10% increases every 5 years
