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Property profile & analytics
OFF-MARKET Estimated value $1,680,000
Office Spaces

1005 Bill Tuck Hwy South Boston, VA 24592-7135

2,965 SF 0.67 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-3132067
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 2,965 SF
Lot 0.67 ac (29,185 SF)
APN 17115
UPID US87-3132067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M
Owner & transaction history
Happy Lane Bt LLC · 1 yrs held
Happy Lane Bt LLC
since 2024
Last sale
$1.7M
2 recorded transactions
2024
$1.7M
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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