3403 Main St Hope Mills, NC 28348-1883
Property profile & analytics
3403 Main St Hope Mills, NC 28348-1883
- Turn key restaurants
- 1,482 SF
- 0.23 lot acres
Property ID
US53-1232183
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
- Papa John's Pizza / Restaurant
Property Details for 3403 Main St
- Year built
- 1998
- Lot size
- 0.23 lot acres
- Property size
- 1,482 SF
- Zone code
- CP
- Property type
- Turn key restaurants
- APN
- 0414-36-5951
- APU
- 414365951
Description
This exceptional investment opportunity presents a 1,470 square foot Papa John's restaurant located at 3403 N Main St, Hope Mills, NC 28348. The property, situated on a 0.23-acre lot in the Planned Commercial District, boasts a strong current lease with Papa John's USA, Inc., extending until April 21, 2028, with a five-year option to renew until April 21, 2033. The gross lease structure means the landlord is responsible for structural and exterior maintenance. The current Net Operating Income (NOI) is $23,738, yielding a 7.30% cap rate. Rent increases are built in at 2% annually. The building, constructed in 1998, is a single-story structure. A 250 square foot cooler/freezer is owned by the tenant. Important to note: the lease includes a tenant buy-out clause. Access to easements, covenants, and sewer are available. The property benefits from its proximity to neighboring businesses such as Surge Trampoline Park and the DMV. A Cumberland County tax revaluation is scheduled for January 1, 2025. The asking price is $325,000, representing a price per square foot of $221.09. The property's APN is 0414365951000.
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
- Hope Mills
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.9548
- Latitude
- 34.978
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, 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
2023
$2,740
$40,253
$143,408
$183,661
-
$40,253
$143,408
$183,661
