1005 Bill Tuck Hwy South Boston, VA 24592-7135
Property profile & analytics
1005 Bill Tuck Hwy, South Boston, VA 24592-7135
- Office Spaces
- 2,965 SF
- 0.67 lot acres
Property ID
US87-3132067
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 1005 Bill Tuck Hwy
- Lot size
- 0.67 lot acres
- Property type
- Office Spaces
- APN
- 17115
- APU
- 17115
Description
This exceptional investment opportunity presents a fee-simple, 3,472 square-foot Burger King restaurant situated on a 1.09-acre lot at 1005 Bill Tuck Hwy, South Boston, Virginia 24592. Built in 1992, the property boasts a strong 100% occupancy rate under a 20-year triple-net (NNN) lease with Carrols Restaurant Group, a major US franchisee. The lease commenced September 25, 2015, and has approximately 10.9 years remaining, with four additional five-year renewal options. The current annual rent is $113,533, with a 2% annual increase built into the lease. The property offers a compelling 6.50% cap rate and a price per square foot of $503.07, making it an attractive addition to any portfolio. The property's strong tenant, long-term lease, and built-in rent escalations provide a stable and predictable income stream. This is a truly passive investment opportunity with zero landlord responsibilities. The property's location in South Boston, Virginia, offers excellent visibility and accessibility. The asking price is $1,746,661, representing a significant return on investment. This is a rare opportunity to acquire a high-performing, established quick-service restaurant property with a proven track record.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,680,000
- ML approach
- $1,680,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Boston
- County
- Halifax
- State
- Virginia
- Longitude
- -78.8996
- Latitude
- 36.6879
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,145
$429,000
$399,982
$828,982
-
$429,000
$399,982
$828,982
