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Restaurant

Hwy 55 Burger Shakes & Fries (Relo Store)

201 NC 55 Hwy, Mount Olive, NC 28365

Listing Price: $3,117,000

Cap Rate
6.00%
Tenant Name
The Little Mint, Inc.
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,130
Lease Type
Absolute Net
Rent Per Square Feet
$59.74

Investment Overview

OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Three (3), 5 year renewal terms - 10% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO LL responsibilities - Corporate guaranty + 5 year PG from the company’s founder STRONG REAL ESTATE FUNDAMENTALS - Rare relocation store (leaving inline space 0.3 miles away) - Located in the same city as the company’s HQ - Flat topography with optimal visibility - Strategically located directly off US Hwy 117 exit ramp and in front of a Sleep Inn - Latest store prototype with contactless drive-thru - Ample parcel size of ±1.39 acres ESTABLISHED & GROWING BRAND - Operating history of 30+ years - Headquartered in Mount Olive, NC › Subject property is located 2.5 miles from the corporate office - 130+ locations across 17 states MAJOR EMPLOYERS IN WAYNE COUNT Y - Seymour Johnson Air Force Base: 6,500 › Annual economic impact of $750+ MM - Wayne UNC Healthcare, Cherry Hospital & O’Berry Hospital: 3,450 - Wayne County Public Schools: 3,000

Investment Highlights

  • Attractive 20-year base term
  • 10% rent escalations every 5 years throughout entire lease
  • Corporate guaranty + 5 year PG from the company's founder
  • Rare relocation store (leaving inline space 0.3 miles away)
  • Strategically located directly off US Hwy 117 exit ramp and in front of a Sleep Inn
  • Headquartered in Mount Olive, NC

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Restaurant

Hwy 55 Burger Shakes & Fries (Relo Store)

Listing Price: $3,117,000

Cap Rate
6.00%
Tenant Name
The Little Mint, Inc.
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,130
Lease Type
Absolute Net
Rent Per Square Feet
$59.74

Investment Highlights

  • Attractive 20-year base term
  • 10% rent escalations every 5 years throughout entire lease
  • Corporate guaranty + 5 year PG from the company's founder
  • Rare relocation store (leaving inline space 0.3 miles away)
  • Strategically located directly off US Hwy 117 exit ramp and in front of a Sleep Inn
  • Headquartered in Mount Olive, NC

Investment Overview

OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Three (3), 5 year renewal terms - 10% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO LL responsibilities - Corporate guaranty + 5 year PG from the company’s founder STRONG REAL ESTATE FUNDAMENTALS - Rare relocation store (leaving inline space 0.3 miles away) - Located in the same city as the company’s HQ - Flat topography with optimal visibility - Strategically located directly off US Hwy 117 exit ramp and in front of a Sleep Inn - Latest store prototype with contactless drive-thru - Ample parcel size of ±1.39 acres ESTABLISHED & GROWING BRAND - Operating history of 30+ years - Headquartered in Mount Olive, NC › Subject property is located 2.5 miles from the corporate office - 130+ locations across 17 states MAJOR EMPLOYERS IN WAYNE COUNT Y - Seymour Johnson Air Force Base: 6,500 › Annual economic impact of $750+ MM - Wayne UNC Healthcare, Cherry Hospital & O’Berry Hospital: 3,450 - Wayne County Public Schools: 3,000

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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