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    OFF-MARKET
    Drive through restaurants

    1854 Catawba Vly SE Blvd, Hickory, NC 28602-4145

    2,913 SF 0.86 ac lot Built 2000
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US53-1360101
    Property summary
    AI-generated overview

    This 2,913 square foot restaurant in Hickory, NC, is available for $1,700,000. Located on 0.86 acres in a shopping center with national retailers like Target and Dick's Sporting Goods, this single-tenant, 100% occupied property offers significant value. The building, constructed in 2000 and renovated five years ago, features a spacious dining room and outdoor patio. The property includes 35 parking spaces and is zoned PD. This turnkey operation presents a unique opportunity for investors and entrepreneurs to acquire a fully equipped restaurant without the challenges of starting from scratch. The land alone is valued at $575,000 per acre, adding to the investment potential. The property operates under a NNN lease and is offered for sale by owner. This is a value-add opportunity with high potential for growth and success in a desirable location. The property's strong tenant occupancy and prime location within a thriving shopping center make it an attractive investment. The existing infrastructure and equipment eliminate the need for significant upfront investment, allowing for a quicker return on investment. This is a rare opportunity to acquire a successful restaurant business in a high-traffic area with established brand recognition. Don't miss this chance to capitalize on this exceptional investment.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2000
    Construction WOOD
    Total area 2,913 SF
    Lot 0.86 ac (37,462 SF)
    Zoning code PD
    APN 3711-06-48-6456
    UPID US53-1360101
    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
    Current use
    Occupant on record · Public records
    • Bubblys Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Shriya Corp · 10 yrs held
    Shriya Corp
    since 2015
    3 recorded transactions
    2024
    2015
    $943,500
    2012
    $1.1M
    Zoning & alternative use
    PD · Hickory, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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