1544 Nc-56 Creedmoor, NC 27522
- Retail properties
- 2,599 SF
- 1.00 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1544 Nc-56
- Year built
- 1984
- Lot size
- 1.00 lot acres
- Property size
- 2,599 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a freestanding KFC/Taco Bell restaurant located at 1544 NC-56 in Creedmoor, North Carolina, 27522. The property, built in 1984 and renovated in 2017, sits on a one-acre lot and boasts 2,599 square feet of net rentable space. Currently operating under a single-tenant, absolute NNN lease with Taco Bell and KFC, the lease commenced March 20, 2019, and extends to March 31, 2039, providing a substantial remaining lease term of 14.4 years. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $114,938, resulting in a compelling 4.25% cap rate. The lease includes a beneficial rent increase provision of 10% every five years, ensuring consistent income growth. This strategically positioned property benefits from high visibility and traffic counts due to its location on a major east-west arterial thoroughfare with exposure from Interstate 85. The asking price is $2,704,423. This is a rare opportunity to acquire a well-established, passively managed, and high-performing QSR investment with significant long-term potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Creedmoor
- County
- Granville
- State
- North Carolina
- Longitude
- -78.759
- Latitude
- 36.1547
