231 Madison Blvd Roxboro, NC 27573-5427
Property profile & analytics
231 Madison Blvd Roxboro, NC 27573-5427
- Drive through restaurants
- 3,230 SF
- 1.14 lot acres
Property ID
US53-5775869
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
- Burger King / Restaurant
Property Details for 231 Madison Blvd
- Year built
- 1989
- Lot size
- 1.14 lot acres
- Property size
- 3,230 SF
- Property type
- Drive through restaurants
- APN
- 30 1
- APU
- 301
Description
This exceptional investment opportunity presents a 3,230 square foot Burger King restaurant located at 231 S Madison Blvd, Roxboro, NC 27573. The property sits on a 1.14-acre lot with 42 parking spaces and benefits from a high-traffic location with approximately 47,200 vehicles per day. The property is currently operating under a 20-year Absolute NNN lease with 12 years remaining, commencing October 16, 2016, and expiring October 29, 2036. The lease includes four, 5-year renewal options with 1.50% annual rent increases. The current annual net operating income (NOI) is $191,448, resulting in a 6.25% cap rate at the asking price of $3,063,000. The tenant is a franchisee of a 200+ unit operator, providing strong financial backing and operational stability. The property was remodeled in 2015 to Burger King's 20/20 prototype, demonstrating the tenant's long-term commitment. This is a passive investment with zero landlord responsibilities. The property's proximity to Person High School (1,100+ students) and Person Memorial Hospital (98 beds) further enhances its value and potential for long-term growth. The blended cap rate over the remaining base term is 6.80%, assuming purchase at the list price. This is a 1031 exchange eligible property.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Roxboro
- County
- Person
- State
- North Carolina
- Longitude
- -78.9889
- Latitude
- 36.3925
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN 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
$15,766
$0.00
$0.00
$1,035,535
-
$385,605
$649,930
$1,035,535
