8812 Harvest Oaks Dr, Raleigh, NC 27615-2073
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.
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Zaxby's Chicken Fingers & Buffalo Wings Restaurant
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CX-5 · Raleigh, NCRaleigh. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.