Property profile

5 Main St Andrews, NC 28901

OFF-MARKET
Retail properties & Spaces
3,353 SF 1.59 ac lot Built 1991
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Property summary

AI-generated overview

This fee-simple vacant quick-service restaurant (QSR) property presents a compelling investment opportunity in Andrews, North Carolina. Located at 5 Main St, 28901, this 3,353 square foot building sits on a 1.59-acre lot and boasts a convenient drive-thru window. Constructed in 1991, the single-story building offers attractive retrofit economics for a prospective buyer looking to establish a QSR operation. The property benefits from its location in a destination retail trade area, with neighboring major retailers driving significant foot traffic and visibility. A key advantage is the lack of competing quick-service restaurants within a 10-mile radius, presenting a unique opportunity to capture a significant market share. Easy access to the property ensures convenient customer access and operational efficiency. This is an exceptional chance to acquire a well-positioned QSR property in a growing market, priced at $500,000. The property is currently vacant, allowing for immediate customization and branding to suit the buyer's specific needs. The substantial lot size offers ample space for potential expansion or outdoor seating. This turnkey opportunity is ideal for an entrepreneur seeking to establish a thriving QSR business in a prime location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1991
Total area 3,353 SF
Lot 1.59 ac (69,260 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5 Main St Andrews, NC 28901
Andrews metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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