Equipped Drive-Through
New
For Sale
Contact for pricing
659 S Regional Rd, Greensboro, NC 27409
The sale covers the restaurant operation and equipment; the freestanding building and underlying real estate are excluded.
Property Size1,665 SF
Price / SF$360.36
Days on Market6
Property Features for 659 S Regional Rd
General Information
Standard status
Active
Size
1,665 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
No
Pylon Signage
No
Highway Access
Yes
Additional Details
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Construction
brick
Listing Agency:
Allen Tate Greensboro
(336) 273-7771
Listed By:
Larry Story · License #257455
(336) 327-1841
Source:
Moodyscre
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:51PM
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 Allen Tate Greensboro
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Investment Insights
Based on property information with market context.
The restaurant occupies 1,665 SF in a freestanding brick building. Its layout includes a dining room with café seating, an ordering counter, and a complete back-of-house area. A dedicated drive-through lane is served by a menu board and pickup window. Equipment includes a Subway baking center and proofer, Nu-Vu ovens, refrigerated sandwich prep line, walk-in cooler, commercial ice machines, beverage and iced tea stations, a three-compartment sink, and POS systems for both ordering points.
The location is about half a mile from I-40, with 120,000 AADT, and just off NC Hwy 68, with 27,500 AADT. PTI Airport is about 10 minutes away. The transaction covers the restaurant franchise and equipment; the real estate is not included.
The location is about half a mile from I-40, with 120,000 AADT, and just off NC Hwy 68, with 27,500 AADT. PTI Airport is about 10 minutes away. The transaction covers the restaurant franchise and equipment; the real estate is not included.
Key Highlights
- 1,665 SF freestanding brick restaurant
- Dedicated drive‑through lane with menu board and pickup window
- Dining room, café seating, ordering counter, and complete back‑of‑house area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,162
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,240
$403.2K
Cap Rate 7%
$288,029
$288.0K
Cap Rate 9%
$224,022
$224.0K
Market Conditions
NOI Build-Up for 1,665 SF
Gross rent
$30.0K $18.00/SF
− Vacancy
−$3.1K −$1.85/SF
EGI
$26.9K $16.15/SF
− OpEx
−$6.7K −$4.04/SF
NOI
$20.2K $12.11/SF
Area
Greensboro, NC
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,240
Cap Rate 7%
$288,029
Cap Rate 9%
$224,022
Alternative Uses
Best Use
Specialty Retail
$288.0K
$252.0K – $336.0K
NOI $20,162 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.8K
$461.8K – $615.8K
NOI $36,945 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Hotels & Casinos 21%
Shops & Services 12%
McDonald's
Dining
31,166 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
13,809 visits/mo
0.2 miles
Wendy's
Dining
10,122 visits/mo
0.2 miles
Exxon
Shops & Services
8,732 visits/mo
0.4 miles
Ruby Tuesday
Dining
6,945 visits/mo
0.3 miles
Demographics for 27409, NC
17,378
Population
9,616
Households
1.8
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
873
Density / Sq Mi
$57,862
Median Household Income
$40,298
Median Earnings
$1,173
Median Rent
$189,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Greensboro, NC
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The sale covers the restaurant operation and equipment; the freestanding building and underlying real estate are excluded.
Where is this drive through restaurant located?
The property is located at 659 S Regional Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,665 SF freestanding brick restaurant; Dedicated drive‑through lane with menu board and pickup window; Dining room, café seating, ordering counter, and complete back‑of‑house area
