Skip to main content

Restaurant

Hwy 55 Burgers Shakes & Fries

1688 S Main St, Laurinburg, NC 28352

Listing Price: $2,860,715

Cap Rate
6.85%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
2,495
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$78.54

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Hwy 55 Burgers Shakes & Fries located in Laurinburg, North Carolina. The property has a brand new 20-year absolute triple net (NNN) lease, with three five-year tenant renewal options and rent increases by 10 percent every 5 years during the base term and option periods. Brand new high-quality construction, this property will open in late May 2024. The property features a drive-thru lane.

Hwy 55 Burgers, Shakes & Fries has been in operation since 1991, spanning over 30 years. Presently, it operates at more than 135 locations across 17 states and internationally. Recognized by BurgerBusiness.com as the "Best Burger," Hwy 55 also holds the distinction of being named a Top 500 Franchise in the U.S. by Entrepreneur Magazine.

Located on Main Street at a busy signalized intersection, the property benefits from over 28,000 daily vehicles and convenient access to Interstate 74, connecting Laurinburg to regional cities. It serves as an outparcel to a grocery-anchored shopping center and is adjacent to Scotland Memorial Hospital, with 104 beds and over 850 employees. Also nearby is St. Andrews University, with over 1,000 students and 400 staff members at its main campus.

Surrounding national brands include Walmart Supercenter, Lowe's, Food Lion, Carlie C's IGA Grocery Store, Belk, Planet Fitness, Petsense, Citi Trends, Hibbett Sports, Tractor Supply Co., Dollar Tree, Harbor Freight Tools, Big Lots, Aaron's, The UPS Store, Sherwin-Williams, Family Dollar, O'Reilly Auto Parts, NAPA Auto Parts, AutoZone, Advance Auto Parts, PNC Bank, Wells Fargo, T-Mobile, Verizon, AT&T Store, KFC, Dunkin', Burger King, McDonald's, Taco Bell, Chick-fil-A, Wendy's, Jersey Mike's Subs, Waffle House, Golden Corral, Papa Johns, Popeyes, Zaxby's, Domino's Pizza, Hardee’s, Firehouse Subs, Walgreens and many more.

Investment Highlights

  • New, 20-Year, Absolute Triple Net (NNN) Lease with Full Term Remaining
  • Three, Five-Year Tenant Renewal Options and 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Brand New 2024 High-Quality Construction – Opening in Late May
  • Corporate Guaranty
  • Property Includes a Drive-Thru Lane
  • Located on Main Street at a Busy Signalized Intersection with More Than 28,000 Daily Vehicles and Convenient Access to Interstate 74, Connecting Laurinburg to Regional Cities
  • Outparcel to Grocery Anchored Shopping Center with Surrounding National Brands Including Walmart Supercenter, Lowe's, Food Lion, Hibbett Sports, Tractor Supply Co., Dollar Tree, Harbor Freight, Big Lots, Aaron's, Family Dollar, O'Reilly Auto Parts, NAPA Auto Parts, AutoZone, Advance Auto, T-Mobile, Verizon, AT&T, KFC, Dunkin', Burger King, McDonald's, Taco Bell, Chick-fil-A, Wendy's, Jersey Mike's, Waffle House, Golden Corral, Papa Johns, Popeyes, Zaxby's, Domino's, Hardee's, Firehouse Subs, Wa

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Restaurant

Hwy 55 Burgers Shakes & Fries

Listing Price: $2,860,715

Cap Rate
6.85%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
2,495
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$78.54

Investment Highlights

  • New, 20-Year, Absolute Triple Net (NNN) Lease with Full Term Remaining
  • Three, Five-Year Tenant Renewal Options and 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • Brand New 2024 High-Quality Construction – Opening in Late May
  • Corporate Guaranty
  • Property Includes a Drive-Thru Lane
  • Located on Main Street at a Busy Signalized Intersection with More Than 28,000 Daily Vehicles and Convenient Access to Interstate 74, Connecting Laurinburg to Regional Cities
  • Outparcel to Grocery Anchored Shopping Center with Surrounding National Brands Including Walmart Supercenter, Lowe's, Food Lion, Hibbett Sports, Tractor Supply Co., Dollar Tree, Harbor Freight, Big Lots, Aaron's, Family Dollar, O'Reilly Auto Parts, NAPA Auto Parts, AutoZone, Advance Auto, T-Mobile, Verizon, AT&T, KFC, Dunkin', Burger King, McDonald's, Taco Bell, Chick-fil-A, Wendy's, Jersey Mike's, Waffle House, Golden Corral, Papa Johns, Popeyes, Zaxby's, Domino's, Hardee's, Firehouse Subs, Wa

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Hwy 55 Burgers Shakes & Fries located in Laurinburg, North Carolina. The property has a brand new 20-year absolute triple net (NNN) lease, with three five-year tenant renewal options and rent increases by 10 percent every 5 years during the base term and option periods. Brand new high-quality construction, this property will open in late May 2024. The property features a drive-thru lane. Hwy 55 Burgers, Shakes & Fries has been in operation since 1991, spanning over 30 years. Presently, it operates at more than 135 locations across 17 states and internationally. Recognized by BurgerBusiness.com as the "Best Burger," Hwy 55 also holds the distinction of being named a Top 500 Franchise in the U.S. by Entrepreneur Magazine. Located on Main Street at a busy signalized intersection, the property benefits from over 28,000 daily vehicles and convenient access to Interstate 74, connecting Laurinburg to regional cities. It serves as an outparcel to a grocery-anchored shopping center and is adjacent to Scotland Memorial Hospital, with 104 beds and over 850 employees. Also nearby is St. Andrews University, with over 1,000 students and 400 staff members at its main campus. Surrounding national brands include Walmart Supercenter, Lowe's, Food Lion, Carlie C's IGA Grocery Store, Belk, Planet Fitness, Petsense, Citi Trends, Hibbett Sports, Tractor Supply Co., Dollar Tree, Harbor Freight Tools, Big Lots, Aaron's, The UPS Store, Sherwin-Williams, Family Dollar, O'Reilly Auto Parts, NAPA Auto Parts, AutoZone, Advance Auto Parts, PNC Bank, Wells Fargo, T-Mobile, Verizon, AT&T Store, KFC, Dunkin', Burger King, McDonald's, Taco Bell, Chick-fil-A, Wendy's, Jersey Mike's Subs, Waffle House, Golden Corral, Papa Johns, Popeyes, Zaxby's, Domino's Pizza, Hardee’s, Firehouse Subs, Walgreens and many more.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

MM Texture Background
MM Textured Background Lower