7135 Nc-4 Rocky Mount, NC 27809

Property Details for 7135 Nc-4

Year built

1992

Lot size

1.22 lot acres

Property size

3,926 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving Denny's restaurant located at 7135 NC-4, Rocky Mount, NC 27809, in Nash County. The 3,926 square foot, single-story building, constructed in 1992, sits on a 1.22-acre lot with ample parking for 71 vehicles, including space for up to 14 tractor-trailers. The property benefits from a prime location directly off I-95, experiencing approximately 6,500 cars passing daily, and is conveniently situated near North Carolina Wesleyan University and a major Pfizer facility. Its proximity to a Baymont by Wyndham hotel and other motels ensures consistent customer traffic. The current lease, a triple-net (NNN) agreement with the franchisee, RJC, LLC, has a remaining term of 3.1 years, expiring December 31, 2027, with two 5-year renewal options. The lease commenced December 2, 2018, and includes rent bumps of 7.5% every 5 years. The property boasts a 7.01% cap rate and a current NOI of $88,687. The asking price is $1,265,000. The property is zoned GB (General Business) and offers a 100% occupancy rate. A new I-95 exit ramp under construction will further enhance accessibility and traffic flow. This is a strong investment opportunity with a proven track record and significant upside potential. The surrounding area has a median household income of approximately $81,575.