2401 Memorial Dr, Greenville, NC 27834-8141

This exceptional investment opportunity features a 2,860 square foot Burger King restaurant in Greenville, North Carolina, operating under a long-term net lease with a strong corporate guarantee. Built in 1994 and renovated in 2011, the property sits on a 1.29-acre lot and boasts a 5.50% cap rate with a substantial NOI. The lease, commenced December 22, 2014, has approximately 10.1 years remaining until expiration on December 31, 2034, with annual rent increases of 1%. The asking price is $1,583,218, translating to $553.57 per square foot. This is a single-tenant, triple-net (NNN) lease, offering a passive income stream with minimal landlord responsibilities. The property enjoys 100% occupancy. The lease is guaranteed by a publicly traded company operating over 1000 Burger King locations.