Property summary
This exceptional investment opportunity presents a fee-simple, single-tenant, 2,962 square foot Zaxby's restaurant in Raleigh, NC. The property boasts a 20-year absolute NNN lease with a 5.75% cap rate and a substantial $216,000 annual net operating income (NOI). Situated on a 0.74-acre lot at 8812 Harvest Oaks Dr, 27615, this Class B building, constructed in 1996, benefits from a prime location within a grocery-anchored shopping center, surrounded by national retailers such as Target, Home Depot, Food Lion, and Lowe's Foods. The property enjoys high visibility and accessibility, with convenient access to major roadways including Highway 540 and Six Forks Road. The lease includes four 5-year renewal options and a 10% rent increase every five years, ensuring consistent and growing income. Store sales significantly exceed the average unit volume (AUV) by 15%, demonstrating the location's exceptional performance. This sale-leaseback transaction offers a secure, passive income stream with minimal management responsibilities. The asking price is $3,756,521, representing a price per square foot of $1,268.24. The property is 100% occupied and presents a compelling investment opportunity for discerning buyers seeking a stable, high-return asset.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CX-5 · Raleigh, NCility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ility Sec. 3.3.1. Applicability Each Mixed Use District must include one of the following height designations. The designation establishes the maximum height in stories and feet for each mixed use district. For example,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CX-5 in Raleigh, NC.
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Find the owner behind the property.
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