8812 Harvest Oaks Dr Raleigh, NC 27615-2073

Property Details for 8812 Harvest Oaks Dr

Year built

1996

Construction

BRICK

Lot size

0.74 lot acres

Property size

2,962 SF

Zone code

CX-5

Property type

Drive through restaurants

APN

1708.13-13-4815 0214290

APU

1708131348150214290

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, 2,962 square foot Zaxby's restaurant in Raleigh, NC. The property boasts a 20-year absolute NNN lease with a 5.75% cap rate and a substantial $216,000 annual net operating income (NOI). Situated on a 0.74-acre lot at 8812 Harvest Oaks Dr, 27615, this Class B building, constructed in 1996, benefits from a prime location within a grocery-anchored shopping center, surrounded by national retailers such as Target, Home Depot, Food Lion, and Lowe's Foods. The property enjoys high visibility and accessibility, with convenient access to major roadways including Highway 540 and Six Forks Road. The lease includes four 5-year renewal options and a 10% rent increase every five years, ensuring consistent and growing income. Store sales significantly exceed the average unit volume (AUV) by 15%, demonstrating the location's exceptional performance. This sale-leaseback transaction offers a secure, passive income stream with minimal management responsibilities. The asking price is $3,756,521, representing a price per square foot of $1,268.24. The property is 100% occupied and presents a compelling investment opportunity for discerning buyers seeking a stable, high-return asset.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Longitude

-78.6575

Latitude

35.9033

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments