Skip to main content

Restaurant

Hwy 55 Burgers Shakes & Fries

1095 Hickory Blvd, Lenoir, NC 28645

Listing Price: $3,184,000

Cap Rate
5.75%
Tenant Name
The Little Mint, Inc. d/b/a Hwy 55
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
2,949
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.09

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 - Strategically positioned in front of a Lowe's Home Improvement store - Direct access to a signalized intersection - Limited surrounding competition › Only drive-thru food option in immediate trade area - Latest store prototype with contactless drive-thru - Ample parcel size of ±2.12 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 COUNTY - Caldwell County Schools - Merchants Distributors LLC - FedEx Ground Package System, Inc. › Within a day's trucking distance of most major markets in the Eastern U.S. - Bernhardt Furniture Company

Investment Highlights

  • Strategically positioned in front of a Lowe's Home Improvement store
  • Absolute NNN lease with NO LL responsibilities
  • Only drive-thru food option in immediate trade area
  • Corporate guaranty + 5 year PG from the company's founder
  • Latest store prototype with contactless drive-thru

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Restaurant

Hwy 55 Burgers Shakes & Fries

Listing Price: $3,184,000

Cap Rate
5.75%
Tenant Name
The Little Mint, Inc. d/b/a Hwy 55
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
2,949
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.09

Investment Highlights

  • Strategically positioned in front of a Lowe's Home Improvement store
  • Absolute NNN lease with NO LL responsibilities
  • Only drive-thru food option in immediate trade area
  • Corporate guaranty + 5 year PG from the company's founder
  • Latest store prototype with contactless drive-thru

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 - Strategically positioned in front of a Lowe's Home Improvement store - Direct access to a signalized intersection - Limited surrounding competition › Only drive-thru food option in immediate trade area - Latest store prototype with contactless drive-thru - Ample parcel size of ±2.12 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 COUNTY - Caldwell County Schools - Merchants Distributors LLC - FedEx Ground Package System, Inc. › Within a day's trucking distance of most major markets in the Eastern U.S. - Bernhardt Furniture Company

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

MM Texture Background
MM Textured Background Lower