1076 Andy Griffith Pkwy Mount Airy, NC 27030-2524

Property Details for 1076 Andy Griffith Pkwy

Year built

2023

Lot size

0.83 lot acres

Property size

2,100 SF

Zone code

B4

Property type

Drive through restaurants

APN

5021-13-23-1747

APU

502113231747

Description

This exceptional investment opportunity presents a brand-new, 2,233 square foot Taco Bell restaurant in Mount Airy, North Carolina. Situated on a 0.85-acre lot at 1076 N Andy Griffith Pkwy, 27030, this property boasts a 20-year triple-net (NNN) lease with four, five-year renewal options. The lease commenced upon closing and includes a 10% rent increase every five years, ensuring consistent income growth. The property, built in 2023, is currently 100% occupied and features a drive-thru lane. The experienced franchisee, operating over 200 restaurants across five states, ensures strong tenancy. The property's strong location is an outparcel to a Food Lion-anchored center, surrounded by numerous national retailers including Lowe's, Aldi, and many popular restaurants. The asking price is $1,652,175, offering a 5.75% cap rate and a net operating income (NOI) of $95,000. The Mount Airy area, part of a growing metro area of approximately 1.7 million people, benefits from a strong regional economy and diverse employment base, including major corporations in technology, biotechnology, and manufacturing. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location.