Building Details

Year built 1953

Flooring type Laminate

Listing Agency: ARC REAL ESTATE LLC

Listed By: Andre Cobbs Show Phone

Added: Mar 28 Changed: Sep 2 Last Checked: Oct 19 at 7:06PM

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MLS# 11681763

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Investment Insights

Based on property information with market context.

This established American restaurant occupies a 6,500-square-foot property on 0.6315 acres in Roxboro. The building dates to 1953 and includes laminate flooring, electric heating, basement parking, and public water service. The business offers a menu centered on sandwiches and salads within a family-oriented restaurant setting.

Located at 625 N Madison Blvd, the property is in Person County and carries a 27573 ZIP code. The offering is presented with an 8% cap rate, while the source information also cites a 16% pro forma tied to a business plan. Seller financing is identified as an available option.

Key Highlights

• 6,500‑square‑foot restaurant property on 0.6315 acres
• Established American restaurant business with sandwich and salad offerings
• 8% cap rate with 16% pro forma cited

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,984

Cap Rate

2.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,759,680 $1.8M

Cap Rate 7%

$1,256,914 $1.3M

Cap Rate 9%

$977,600 $977.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,500 SF

Gross rent

$124.8K $19.20/SF

− Vacancy

−$7.5K −$1.15/SF

EGI

$117.3K $18.05/SF

− OpEx

−$29.3K −$4.51/SF

NOI

$88.0K $13.54/SF

Area

Person County, NC

Vacancy

6.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,759,680

Cap Rate 7%

$1,256,914

Cap Rate 9%

$977,600

Alternative Uses

Best Use

Specialty Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,984 @ 7.0% cap · market cap 2.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $146,925 @ 7.0% cap · market cap 4.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

American Hero Restaurant Restaurant American Hero Restaurant ... Restaurant Deep Creek Motors ... Car Dealership

Suggested Use

Top Pick Bakery Garden Center Plumbing Service Kitchen & Bath Showroom Computer & Electronic Repair Grocery & Convenience Store

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

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

570

Businesses Nearby

244k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 43% Shops & Services 27% Groceries 12% Home Improvements & Furnishings 10%

Sheetz Shops & Services

31,038 visits/mo 0.4 miles

Food Lion Grocery Store Groceries

28,707 visits/mo 0.5 miles

McDonald's Dining

27,617 visits/mo 0.2 miles

Bojangles' Famous Chicken 'n Biscuits Dining

27,252 visits/mo 0.2 miles

Cook Out Dining

21,476 visits/mo 0.2 miles

Demographics for 27573, NC

11,017

Population

5,748

Households

1.9

Avg Household Size

41

Median Age

20%

College-Educated

87%

High-School Grad

17.3 sq mi

ZIP Area

637

Density / Sq Mi

$44,234

Median Household Income

$29,496

Median Earnings

$761

Median Rent

$159,800

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Freestanding restaurant property with basement parking, laminate flooring, electric heat, and public water service.

Where is this conventional restaurant located?

The property is located at 625 N Madison Blvd Roxboro, NC.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 6,500‑square‑foot restaurant property on 0.6315 acres; Established American restaurant business with sandwich and salad offerings; 8% cap rate with 16% pro forma cited