Hwy 55 Burger, Shakes & Fries Lillington,South Carolina

$2,487,000
Available
Property type:Single-Tenant Net Lease

The space

  • Price: $2,487,000
  • Cap Rate: 6.50%
  • Annual Rent: $161,642
  • GLA: 2,949 SF
  • Acres: 1.07+/-
  • Year Built: New Construction 2020
  • Lease Term: 20 Years
  • Lease Expiration: 11/30/2040

Description

1600 N Main Street
Lillington, NC 27546

Videos

Company Story with Founder Kenney Moore: Click Here

Covid-19 Performance Update from Owner: Click Here

About Andy’s Foundation Hwy 55 Cares: Click Here

Investment Highlights

  • New Construction Single-Tenant Building | 2,949 Square Feet | 1.07+/- Acres with Drive-Thru
  • Hwy 55 Burgers Shakes & Fries | NNN Lease | 10% Increase Every 5 Years
  • Hwy 55 has 130+ Locations in 13 States
  • Located Near Signalized Intersection | Combined Traffic Counts of 34,500 VPD
  • Nearby Employers: Campbell University, Central Carolina Community College, Harnett County Offices, Central Harnett Hospital
  • Lillington, NC | County Seat | 30-Miles to Raleigh & Fayetteville, NC

Investment Overview

Marcus & Millichap is pleased to present for sale a single-tenant Hwy 55 Burgers, Shakes & Fries located in Lillington, North Carolina. The subject property is the first free-standing location for the chain and construction will be completed in November 2020. The property is 2,949 square feet and features a full service drive-thru. The subject is 1.07 acres and is zoned GB (general business). The tenant has a 20-year absolute-net lease featuring 10% rental increases every 5 years. The lease also features 3, 5 year options.

The subject property is conveniently located on North Main Street (13,500 VPD) just past the signalized intersection of W. Cornelius Harnett Boulevard (21,000 VPD) and North Main Street. The property is across the street from a Food Lion anchored shopping center and is surrounded by national retailers including Zaxby’s, Bojangles, Subway, McDonald’s, Pizza Hut, Dollar General, and more. Additional points of interest surrounding the property include NC State Employees Credit Union, Central Carolina Community College (5,411+ enrollment), Central Harnett Hospital (50 Beds; 24/7 Emergency Room) and multiple Harnett County Offices. Campbell University (6,900+ Students) is also located close to the subject – approximately four miles.

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