Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ict The B-3 Neighborhood Business District is intended for the use of th ose businesses which are properly and necessarily located near residential areas and cater to the everyday needs of a residential neighborhood. I.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B4 · Mount Airy, NCict The B-3 Neighborhood Business District is intended for the use of th ose businesses which are properly and necessarily located near residential areas and cater to the everyday needs of a residential neighborhood. I.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ict The B-3 Neighborhood Business District is intended for the use of th ose businesses which are properly and necessarily located near residential areas and cater to the everyday needs of a residential neighborhood. I.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Mount Airy, NC.
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