625 Madison Blvd, Roxboro, NC 27573-4660

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.