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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a thriving Bob Evans restaurant located at 907 Venture Dr, Smithfield, NC 27577. The property boasts 5,264 square feet on a 2.07-acre lot, built in 2003 and renovated in 2014. Currently operating under a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Bob Evans Restaurants, LLC, this investment offers significant long-term stability. The lease commenced April 28, 2017, and expires April 30,… 2037, leaving approximately 12.4 years remaining. The current annual net operating income (NOI) is $97,073, representing a 6.00% cap rate on the asking price of $1,617,883 ($307.35/sq ft). The lease includes a 2% annual rent increase starting May 1st, 2027, and four 5-year renewal options, extending the potential lease term to 40 years. This is a single-tenant, 100% occupied property offering a secure and lucrative investment prospect in a prime location within Johnston County. The property's strong tenant, Bob Evans, with over 440 corporate locations, provides further assurance of long-term financial performance.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,276 SF
- Lot area
- 2.07 ac
- Year built
- 2003
- Stories
- 1
- APN
- 15L11008M
- Zoning
- SUP
- Assessed value · 2024
- $1,500,000
- Annual tax · 2024
- $18,600
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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