Property profile

8812 Harvest Oaks Dr Raleigh, NC 27615

OFF-MARKET
Drive through restaurants
Property ID
US53-5462435
2,962 SF 0.74 ac lot Built 1996
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1996
Construction BRICK
Total area 2,962 SF
Lot 0.74 ac (32,234 SF)
Zoning code CX-5
APN 1708.13-13-4815 0214290
UPID US53-5462435

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Atm

Location

8812 Harvest Oaks Dr Raleigh, NC 27615-2073
Raleigh metro Census 53807 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2008
7 recorded transactions
2020
Price N/A
2017
Price N/A
2008
$1.0M
2008
$1.0M
2005
$875,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CX-5 · Raleigh, NC
Zoning description

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,…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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