Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Burger King drive-thru located at 801 US-701 Highway in Tabor City, North Carolina. The ±3,174-square-foot restaurant, originally built in 1996 and fully remodeled in 2025, sits on ±1.33 acres and is secured by a corporate-guaranteed NNN lease with approximately 14 years remaining through August 2040, zero landlord responsibilities, and three (3) five-year renewal options extending potential occupancy through 2055. Annual base rent of $104,545 delivers a 5.50% cap rate, with 1.5% annual rent increases providing consistent, compounding income growth throughout the lease term. The property is positioned along US Highway 701 (±14,179 VPD), the primary commercial corridor connecting Tabor City with Whiteville and the North Carolina-South Carolina border region, with corridor neighbors including Subway, Taco Bell, Dollar General, and IGA. Columbus County is home to approximately 50,357 residents with an average household income of $74,991 and benefits from major employers including International Paper, Columbus Regional Healthcare System, and Columbus County Schools. The Tabor City trade area is experiencing active investment, highlighted by a $2.5 million industrial park expansion with a new shell building and freight rail spur, and a 387.5% surge in residential building permits in 2024. Burger King operates 19,000+ locations in 120+ countries as a flagship brand of Restaurant Brands International (NYSE: QSR), the global QSR powerhouse behind Popeyes, Tim Hortons, and Firehouse Subs.