Entity Owned 
For Lease
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Property summary
This exceptional investment opportunity presents a brand-new, 5,558-square-foot IHOP restaurant in Statesville, North Carolina. The property boasts a 15-year absolute NNN lease with a prominent tenant, Suncakes, LLC, a subsidiary of Sun Holdings, the second-largest franchisee in the U.S. The lease features attractive 10% rent escalations every five years and includes three five-year renewal options, ensuring long-term, stable income. Located on a 1.325-acre lot in a high-traffic retail… corridor, this pad site is adjacent to a Walmart-anchored shopping center and benefits from exceptional visibility and accessibility on Glenway Drive, near Turnersburg Highway (32,018 CPD) and I-40 (59,421 CPD). The surrounding area is densely populated, with a strong demographic profile including a high average household income. Nearby retailers include Lowe's, Home Depot, Publix, and many other national brands. The property's strategic location, coupled with the strength of the tenant and the favorable lease terms, makes this a compelling investment opportunity with a 5.50% cap rate and a current NOI of $130,000. Built in 2024, this single-story building is zoned C and offers a fee-simple ownership structure. The property's proximity to Mitchell Community College and Iredell Memorial Hospital further enhances its appeal. This is a rare chance to acquire a high-performing, low-maintenance investment property with significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Nov 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 8,507 SF
- Lot area
- 1.33 ac
- Year built
- 1996
- Stories
- 1
- APN
- 4745-44-3437.000
- Zoning
- B-3,B3
- Assessed value · 2023
- $1,195,170
- Annual tax · 2023
- $12,162
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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- Lead Lists by Intent
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- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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Still being built. It lands here next, beside the two above.
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