625 Madison Blvd Roxboro, NC 27573-4660
Property profile & analytics
625 Madison Blvd Roxboro, NC 27573-4660
- Turn key restaurants
- 3,200 SF
- 0.06 lot acres
Property ID
US53-2358401
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
- American Hero Restaurant / Restaurant
- American Hero Restaurant Roxboro City / Restaurant
- Deep Creek Motors Inc / Car Dealership
Property Details for 625 Madison Blvd
- Year built
- 1953
- Lot size
- 0.06 lot acres
- Property size
- 3,200 SF
- Property type
- Turn key restaurants
- APN
- 35 93
- APU
- 3593
Description
This exceptional investment opportunity presents the chance to acquire the established "American Hero" restaurant in Roxboro, North Carolina. Located at 625 N Madison Blvd, this single-story, 3,200 square foot building sits on a 27,506 square foot lot (APN 61799 301). Built in 1953, the property boasts a strong Class C rating and is currently operating under a single, five-year lease (commencing August 27, 2022, expiring August 27, 2027), with approximately 2.8 years remaining. The current lease agreement has a monthly rent of $5,000, although a buyout is negotiable. The business generates a substantial Net Operating Income (NOI) of $350,000 annually, projected to increase in 2024, resulting in a compelling 43.75% cap rate and a pro-forma cap rate of 46.88%. The asking price is $800,000, translating to $250 per square foot. Financial records indicate monthly gross sales exceeding $60,000 with impressive profit margins and minimal operating expenses. The restaurant enjoys a loyal customer base and a prime location within the community. This sale/leaseback opportunity offers a unique blend of immediate income generation and significant long-term growth potential. The tenant has no credit rating. There are no rent bumps included in the lease. No lease options are available. The property is offered for sale by owner.
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
- -78.9801
- Latitude
- 36.4028
- 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
$7,536
$0.00
$0.00
$494,972
-
$340,943
$154,029
$494,972
