301 Premier Blvd Roanoke Rapids, NC 27870

Property Details for 301 Premier Blvd

Year built

2021

Lot size

1.10 lot acres

Property size

2,405 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,405 square foot Quick Service Restaurant/Fast Food property located at 301 Premier Blvd, Roanoke Rapids, NC 27870. The property, built in 2021, sits on a 1.1-acre lot and boasts a prominent corner location with excellent visibility and accessibility from Premier Boulevard, offering easy access to Interstate 95 and Highway 158. The absolute NNN lease, with zero landlord responsibilities, features a remaining term of 17 years, plus two 10-year options, ensuring long-term, stable income. The current annual Net Operating Income (NOI) is $157,487, representing a 7.00% cap rate on the asking price of $2,249,814. Rent bumps are included in the lease agreement. The property benefits from a high-traffic location within a dense retail area anchored by national tenants such as Walmart, Dollar Tree, Belk, Hibbet Sports, Dunham's, Chick-fil-A, and Starbucks. The building includes a drive-thru, ample parking, and excellent signage. This location ranks within the 99th percentile nationally based on visits, according to Placer.ai. Roanoke Rapids serves as a regional hub for retail, business, and healthcare within the Roanoke Rapids Micropolitan Statistical Area and the Rocky Mount-Wilson-Roanoke Rapids CSA. I-95 traffic counts exceed 40,000 vehicles daily in Roanoke Rapids. This is a truly exceptional opportunity for a passive income investment with significant long-term potential.

Location Insight

City

Roanoke Rapids

County

Halifax

State

North Carolina

Longitude

-77.6334

Latitude

36.4251