348 Whiteville NW Rd Shallotte, NC 28470-4506
Property profile & analytics
348 Whiteville NW Rd, Shallotte, NC 28470-4506
- Drive through restaurants
- 4,200 SF
- 2.18 lot acres
Property ID
US53-0822561
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
- KFC / Restaurant
Property Details for 348 Whiteville NW Rd
- Year built
- 2008
- Lot size
- 2.18 lot acres
- Property type
- Drive through restaurants
- APN
- 1970005014
- APU
- 1970005014
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased KFC restaurant located at 348 Whiteville Rd NW, Shallotte, NC 28470. The property boasts a 4,006 square foot building situated on a substantial 2.183-acre lot, offering excellent visibility and accessibility. The current lease with FQSR, LLC, the largest KFC franchisee in the U.S., extends until July 30, 2044, with two five-year renewal options. This represents a secure, long-term investment with a 6.00% cap rate and a current NOI of $139,000. The lease includes a 7% rent increase every five years, ensuring consistent growth in rental income. Built in 2020, the property benefits from its prime location across from Lowe's Home Improvement and near numerous other major retailers, including Walmart, Hobby Lobby, and Home Depot. The area demonstrates strong demographics, with a high average household income within a one-mile radius. The property is zoned C and enjoys high traffic counts of 12,918 cars per day on Whiteville Rd NW. The tenant, a highly successful operator with over 832 locations, anticipates exceeding $1.1 billion in sales in 2024. A planned remodel in 2030 further underscores the tenant's commitment to this location. This is a rare opportunity to acquire a well-performing, established asset in a thriving retail corridor.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,225,000
- ML approach
- $2,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,415,000
Market price range: $812k - $1.62M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shallotte
- County
- Brunswick
- State
- North Carolina
- Longitude
- -78.4009
- Latitude
- 33.9732
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-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
0
$0.00
$660,580
$1,058,220
$1,718,800
-
$660,580
$1,058,220
$1,718,800
