Building Details

Year Built 1994

Listing Agency: Taproot Realty Group

Listed By: Blake Webb · License #NC 284938 Show Phone

Source: Crexi

Added: Feb 13 Changed: Sep 23 Last Checked: Oct 5 at 3:48PM

Report an Issue

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 Taproot Realty Group

Investment Insights

Based on property information with market context.

This is a turn-key restaurant opportunity located in Vass, NC, at the signalized intersection of US 1 Business and Union Church Rd. The restaurant was updated in 2025. Updates include a new equipment package in the kitchen (Southbound, Imperial & Pitco), water heater replacement, gas line replacement, dishwasher replacement, new electrical junction boxes for all equipment, new evaporation cooler and compressor on refrigeration, new flatware & small ware, all FF&E to transfer, new patio furniture and stage constructed, all shelving replaced, new floors, ceiling tiles with LED dimmable lighting, bathrooms updated, granite bar tops on patio, and a Toast POS system with kitchen display system. The space accommodates 80 seats inside and 40 outside. Multiple new residential developments are under development with more in the pipeline within this submarket. The property size is 2756 square feet.

Key Highlights

• Turn‑key restaurant opportunity with all FF&E included
• Updated in 2025 with new kitchen equipment, flooring, lighting, and bathroom updates
• Located at a signalized intersection of US 1 Business and Union Church Rd in Vass, NC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,761

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$735,220 $735.2K

Cap Rate 7%

$525,157 $525.2K

Cap Rate 9%

$408,456 $408.5K

Market Conditions

NOI Build-Up for 2,756 SF

Gross rent

$52.3K $18.96/SF

− Vacancy

−$3.2K −$1.18/SF

EGI

$49.0K $17.78/SF

− OpEx

−$12.3K −$4.45/SF

NOI

$36.8K $13.34/SF

Area

Moore County, NC

Vacancy

6.20%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$735,220

Cap Rate 7%

$525,157

Cap Rate 9%

$408,456

Alternative Uses

Best Use

Specialty Retail

$525.2K

$459.5K – $612.7K (±1% cap)

NOI $36,761 @ 7.0% cap · market cap 4.20%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Garden Center Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

147

Businesses Nearby

41k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 70% Groceries 24% Dining 6%

Circle K Shops & Services

18,367 visits/mo 0.2 miles

Piggly Wiggly Groceries

9,722 visits/mo 0.2 miles

Dollar General Shops & Services

4,407 visits/mo 0.3 miles

Family Dollar Shops & Services

3,353 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

2,652 visits/mo 0.2 miles

Demographics for 28394, NC

5,559

Population

2,383

Households

2.3

Avg Household Size

40

Median Age

35%

College-Educated

86%

High-School Grad

41.3 sq mi

ZIP Area

135

Density / Sq Mi

$87,407

Median Household Income

$41,213

Median Earnings

$1,130

Median Rent

$275,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Industrial Warehouse Near CSX Rail

340 Seaboard Street, Vass, NC 28394

$595,000

5.04 Acres

View details

Vass Mixed-Use Commercial Property

3737 US-1, Vass, NC 28394

Contact for pricing

23,000 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Updated restaurant with indoor and outdoor seating in growing Vass.

Where is this conventional restaurant located?

The property is located at 3400 US-1 Vass, NC.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Turn‑key restaurant opportunity with all FF&E included; Updated in 2025 with **new kitchen equipment**, flooring, lighting, and bathroom updates; Located at a signalized intersection of US 1 Business and Union Church Rd in Vass, NC