Property profile

5040 Us-117 Pikeville, NC 27863

OFF-MARKET
Retail properties & Spaces
2,200 SF 0.81 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,200-2,308 square foot Hardee's/Carl's Jr. restaurant located on a prime 0.81-acre corner lot at 5040 US-117 in Pikeville, North Carolina (zip code 27863). The property boasts a highly visible location with excellent ingress and egress, featuring a traffic light and convenient access from two main roads. Currently operating as a Hardee's franchisee-owned restaurant, this sale-leaseback opportunity offers a strong net operating income (NOI) of $88,000, resulting in an attractive 8.00% cap rate. The asking price is $1,100,000. The property includes the building and business equipment. The existing Hardee's lease expires in September 2023, presenting potential for conversion to another quick-service restaurant. The property features a drive-thru, seating, tables, and an air conditioning system. Detailed financial statements (P&L) are available upon request and execution of a non-disclosure agreement. This is a rare opportunity to acquire a well-positioned, high-performing QSR property in a desirable location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,200 SF
Lot 0.81 ac (35,284 SF)

Cap rate & NOI

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

Location

5040 Us-117 Pikeville, NC 27863
Pikeville metro
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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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