Restaurant Off I-85
218 S Main Street Grover, NC 28073
218 S Main Street, Grover, NC, 28073
$650,000
For Sale
$650,000
Well-established restaurant offering breakfast, lunch, and dinner, located right off an I-85 exit.
Property Size2,500 SF
Price / SF$260
Days on Market297
Property Features for 218 S Main Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing Agency
Jolly Realty Group LLC
(704) 830-6737
Listed by
Joni Smith · License #176526
Source
Techrealtyllc
Added: Sep 26, 2025 Checked: Jul 19 at 4:58 am
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 Jolly Realty Group LLC
Investment Insights
Based on property information with market context.
This well-established restaurant is offered for sale with an established customer base and a menu serving breakfast, lunch, and dinner. The current owner is retiring and is seeking a hands-on owner-operator to take over operations.
The restaurant sits right off an I-85 exit, surrounded by truck stops. It is also described as being only two exits from the New 2 Kings Casino, supporting steady traffic from the interstate and nearby commercial activity.
The property includes the restaurant business opportunity and is presented as a turnkey option for a qualified operator ready to continue service and manage daily operations.
The restaurant sits right off an I-85 exit, surrounded by truck stops. It is also described as being only two exits from the New 2 Kings Casino, supporting steady traffic from the interstate and nearby commercial activity.
The property includes the restaurant business opportunity and is presented as a turnkey option for a qualified operator ready to continue service and manage daily operations.
Key Highlights
- Well‑established restaurant with a reported great reputation in the community
- Offers breakfast, lunch, and dinner
- Building year built: 2004
Local 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 | $45.0k | $18.00 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $42.1k | $16.85 |
| − OpEx | −$10.5k | −$4.21 |
| NOI | $31.6k | $12.64 |
2,500 SF · lease $18.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,442 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carolina Crossing Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Well-established restaurant offering breakfast, lunch, and dinner, located right off an I-85 exit.
Where is this conventional restaurant located?
The property is located at 218 S Main Street Grover, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Well‑established restaurant with a reported great reputation in the community; Offers breakfast, lunch, and dinner; Building year built: 2004
