Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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