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Restaurant

Hwy 55 Burgers Shakes & Fries

2402 N Roberts Ave, Lumberton, NC 28358

Listing Price: $2,843,000

Cap Rate
6.50%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
2,405
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.84

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Hwy 55 Burgers Shakes & Fries located in Lumberton, 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. This is a relocation site for a Hwy 55 that was located in the adjacent shopping center. The property includes a drive-thru lane. The previous location, from which relocated, did not have a drive-thru.

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 Roberts Avenue, the property benefits from high traffic, with over 32,000 vehicles daily. Its proximity to Interstate 95 (I-95), with around 66,000 daily vehicles, provides essential access along a major north-south U.S. highway, connecting numerous East Coast cities from Maine to Florida. Within a one-mile radius, the average annual household income exceeds the national average at $82,204.

Surrounding national brands include Aldi, Walmart Neighborhood Market, Rainbow Shops, Belk, Ross, Food Lion, Fresh Foods IGA, Rent-A-Center, Planet Fitness, CrossFit, Tractor Supply Company, Badcock Home Furniture, Citi Trends, Bath & Body Works, Buick, Nissan, Jeep, Chevrolet, GMC, Hummer, Ford, Dollar General, Family Dollar, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Verizon, T-Mobile, Cricket Wireless, Waffle House, Ruby Tuesday, Outback Steakhouse, McDonald’s, Chick-fil-A, Arby’s, Taco Bell, KFC, Panera Bread, Wendy’s, Dunkin, Starbucks, CVS, 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
  • New Location Recently Opened | This is a Relocation Site from a Hwy 55 That Operated in the Adjacent Shopping Center
  • Average Annual Household Income is $82,204 Within One Mile of the Subject Property, Above the National Average
  • Property Includes a Drive-Thru Lane – Previous Location, from Which Relocated, Did Not Have a Drive-Thru
  • High Traffic Area, Located on Roberts Avenue With a Traffic Count of More Than 32,000 Vehicles Daily
  • Located Directly Off Interstate 95 (I-95) With a Traffic Count of Approx. 66,000 Vehicles Daily
  • 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, Wal

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: $2,843,000

Cap Rate
6.50%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
2,405
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.84

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
  • New Location Recently Opened | This is a Relocation Site from a Hwy 55 That Operated in the Adjacent Shopping Center
  • Average Annual Household Income is $82,204 Within One Mile of the Subject Property, Above the National Average
  • Property Includes a Drive-Thru Lane – Previous Location, from Which Relocated, Did Not Have a Drive-Thru
  • High Traffic Area, Located on Roberts Avenue With a Traffic Count of More Than 32,000 Vehicles Daily
  • Located Directly Off Interstate 95 (I-95) With a Traffic Count of Approx. 66,000 Vehicles Daily
  • 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, Wal

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Hwy 55 Burgers Shakes & Fries located in Lumberton, 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. This is a relocation site for a Hwy 55 that was located in the adjacent shopping center. The property includes a drive-thru lane. The previous location, from which relocated, did not have a drive-thru. 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 Roberts Avenue, the property benefits from high traffic, with over 32,000 vehicles daily. Its proximity to Interstate 95 (I-95), with around 66,000 daily vehicles, provides essential access along a major north-south U.S. highway, connecting numerous East Coast cities from Maine to Florida. Within a one-mile radius, the average annual household income exceeds the national average at $82,204. Surrounding national brands include Aldi, Walmart Neighborhood Market, Rainbow Shops, Belk, Ross, Food Lion, Fresh Foods IGA, Rent-A-Center, Planet Fitness, CrossFit, Tractor Supply Company, Badcock Home Furniture, Citi Trends, Bath & Body Works, Buick, Nissan, Jeep, Chevrolet, GMC, Hummer, Ford, Dollar General, Family Dollar, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Verizon, T-Mobile, Cricket Wireless, Waffle House, Ruby Tuesday, Outback Steakhouse, McDonald’s, Chick-fil-A, Arby’s, Taco Bell, KFC, Panera Bread, Wendy’s, Dunkin, Starbucks, CVS, 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

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