Absolute NNN Restaurant
For Sale
Contact for pricing
116 Browns Hill Rd, Locust, NC 28097
Newly built drive-through restaurant leased on an absolute NNN structure with corporate lease support.
Property SizeContact for details
Days on Market144
Property Features for 116 Browns Hill Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
23,000 vehicles/day
Road Access
Yes
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 31 at 1:59AM
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 drive-through restaurant property is occupied by Hwy 55 Burgers, Shakes & Fries under a 20-year absolute NNN lease. The lease is corporately guaranteed by Hwy 55 and provides 10% rental increases every 5-years during the primary term and each of three five-year option periods. The absolute NNN structure places landlord responsibilities outside the lease obligations described for the property.
Located at 116 Browns Hill Rd in Locust, North Carolina, the site sits across from a Wal-Mart Supercenter within a dense retail trade area. The property fronts W Main Street, identified as Locust’s principal route toward downtown Charlotte, with reported traffic of over 23,000 vehicles per day. Nearby national retailers include McDonald’s, Food Lion, CVS Pharmacy, Wendy’s, Burger King, KFC, and Wells Fargo. Average household income exceeds $93,000 within 5 miles and $100,000 within 10 miles.
Located at 116 Browns Hill Rd in Locust, North Carolina, the site sits across from a Wal-Mart Supercenter within a dense retail trade area. The property fronts W Main Street, identified as Locust’s principal route toward downtown Charlotte, with reported traffic of over 23,000 vehicles per day. Nearby national retailers include McDonald’s, Food Lion, CVS Pharmacy, Wendy’s, Burger King, KFC, and Wells Fargo. Average household income exceeds $93,000 within 5 miles and $100,000 within 10 miles.
Key Highlights
- 20‑year absolute NNN lease with corporate guarantee from Hwy 55
- 10% rental increases every 5‑years during the primary term and three five‑year option periods
- Newly constructed Hwy 55 Burgers, Shakes & Fries drive‑through restaurant
Property Analytics
Property Profile
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 35%
Shops & Services 13%
Electronics 4%
Walmart
Superstores
68,895 visits/mo
0.4 miles
McDonald's
Dining
23,358 visits/mo
0.4 miles
Starbucks
Dining
12,805 visits/mo
0.4 miles
Dollar Tree
Shops & Services
9,218 visits/mo
0.5 miles
State Employees Credit Union
Shops & Services
8,292 visits/mo
0.5 miles
Demographics for 28097, NC
6,876
Population
3,002
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
30.1 sq mi
ZIP Area
228
Density / Sq Mi
$77,600
Median Household Income
$51,279
Median Earnings
$861
Median Rent
$281,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Newly built drive-through restaurant leased on an absolute NNN structure with corporate lease support.
Where is this nnn property located?
The property is located at 116 Browns Hill Rd Locust, NC.
What are key features of this property?
This property features: 20‑year absolute NNN lease with corporate guarantee from Hwy 55; 10% rental increases every 5‑years during the primary term and three five‑year option periods; Newly constructed Hwy 55 Burgers, Shakes & Fries drive‑through restaurant
