1948 Rockford St Mount Airy, NC 27030-5202
Property profile & analytics
1948 Rockford St Mount Airy, NC 27030-5202
- Turn key restaurants
- 8,978 SF
- 1.63 lot acres
Property ID
US53-4915702
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
- Cracker Barrel Old Country Store / Restaurant
Property Details for 1948 Rockford St
- Year built
- 2015
- Lot size
- 1.63 lot acres
- Property size
- 8,978 SF
- Zone code
- M1
- Property type
- Turn key restaurants
- APN
- 5929-07-58-3614
- APU
- 592907583614
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,100-square-foot Cracker Barrel Old Country Store restaurant situated on a 1.63-acre lot in Mount Airy, North Carolina. The property boasts a prime location, benefiting from high visibility and strong traffic counts due to its proximity to major retailers like Lowe's and Food Lion, and its placement along Highway 52, a primary commuter route. The single-tenant, absolute NNN ground lease with Cracker Barrel (NYSE: CBRL) offers significant stability and predictable cash flow. The lease commenced July 20, 2015, and has a remaining term of 5.7 years, with six five-year renewal options. The current lease includes a 10% rent increase every five years. The property features 131 parking spaces and is in excellent condition, having been built in 2015. The current Net Operating Income (NOI) is $148,500, representing a 5.50% cap rate on the asking price of $2,700,000. The property's land value is $267.33 per square foot. This investment offers a compelling combination of a strong corporate tenant, a favorable lease structure, and a desirable location within a thriving retail corridor. The property is zoned MI and is conveniently located near Surry Community College, Northern Regional Hospital, and numerous other businesses. The tenant, Cracker Barrel, is a publicly traded company with a strong financial track record, reporting $3.47 billion in annual revenue in 2024. This presents a rare opportunity to acquire a well-performing, passively managed investment with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,064,000
Market price range: $420k - $1.10M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mount Airy
- County
- Surry
- State
- North Carolina
- Longitude
- -80.6145
- Latitude
- 36.4831
- CBSA code
- 34340
- CBSA name
- MOUNT AIRY, NC MICROPOLITAN STATISTICAL AREA
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
2024
$11,820
$1,022,440
$1,118,820
$2,141,260
-
$1,022,440
$1,118,820
$2,141,260
