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 92 locations across nine states. 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.