Restaurant

Hwy 55 Burger, Shakes & Fries | 20-Year NNN

1600 N Main St, Lillington, NC 27546

Listing Price: $2,695,000

Cap Rate
6.00%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
20.20
Gross SF
2,949
Guarantor
Corporate Guarantee
Rentable SF
2,949
Price/Gross SF
$913.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.81

Investment Overview

Marcus & Millichap is pleased to present for sale a single-tenant Hwy 55 Burgers, Shakes & Fries located in Lillington, North Carolina. The subject property is the first free-standing location for the chain and construction will be completed in November 2020. The property is 2,949 square feet and features a full service drive-thru. The subject is 1.07 acres and is zoned GB (general business). The tenant has a 20-year absolute-net lease featuring 10% rental increases every 5 years. The lease also features 3, 5 year options. The subject property is conveniently located on North Main Street (13,500 VPD) just past the signalized intersection of W. Cornelius Harnett Boulevard (21,000 VPD) and North Main Street. The property is across the street from a Food Lion anchored shopping center and is surrounded by national retailers including Zaxby’s, Bojangles, Subway, McDonald’s, Pizza Hut, Dollar General, and more. Additional points of interest surrounding the property include NC State Employees Credit Union, Central Carolina Community College (5,411+ enrollment), Central Harnett Hospital (50 Beds; 24/7 Emergency Room) and multiple Harnett County Offices. Campbell University (6,900+ Students) is also located close to the subject - approximately four miles.

Investment Highlights

  • New Construction Single-Tenant Building | 2,949 Square Feet | 1.07+/- Acres with Drive-Thru
  • Hwy 55 Burgers Shakes & Fries | NNN Lease | 10% Increase Every 5 Years
  • Hwy 55 has 130+ Locations in 13 States
  • Located Near Signalized Intersection | Combined Traffic Counts of 34,500 VPD
  • Nearby Employers: Campbell University, Central Carolina Community College, Harnett County Offices, Central Harnett Hospital
  • Lillington, NC | County Seat | 30-Miles to Raleigh & Fayetteville, NC

Exclusively Listed By

Restaurant

Hwy 55 Burger, Shakes & Fries | 20-Year NNN

Listing Price: $2,695,000

Cap Rate
6.00%
Tenant Name
Hwy 55 Burgers, Shakes & Fries
Years Remaining On Lease
20.20
Gross SF
2,949
Guarantor
Corporate Guarantee
Rentable SF
2,949
Price/Gross SF
$913.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.81

Investment Highlights

  • New Construction Single-Tenant Building | 2,949 Square Feet | 1.07+/- Acres with Drive-Thru
  • Hwy 55 Burgers Shakes & Fries | NNN Lease | 10% Increase Every 5 Years
  • Hwy 55 has 130+ Locations in 13 States
  • Located Near Signalized Intersection | Combined Traffic Counts of 34,500 VPD
  • Nearby Employers: Campbell University, Central Carolina Community College, Harnett County Offices, Central Harnett Hospital
  • Lillington, NC | County Seat | 30-Miles to Raleigh & Fayetteville, NC

Investment Overview

Marcus & Millichap is pleased to present for sale a single-tenant Hwy 55 Burgers, Shakes & Fries located in Lillington, North Carolina. The subject property is the first free-standing location for the chain and construction will be completed in November 2020. The property is 2,949 square feet and features a full service drive-thru. The subject is 1.07 acres and is zoned GB (general business). The tenant has a 20-year absolute-net lease featuring 10% rental increases every 5 years. The lease also features 3, 5 year options. The subject property is conveniently located on North Main Street (13,500 VPD) just past the signalized intersection of W. Cornelius Harnett Boulevard (21,000 VPD) and North Main Street. The property is across the street from a Food Lion anchored shopping center and is surrounded by national retailers including Zaxby’s, Bojangles, Subway, McDonald’s, Pizza Hut, Dollar General, and more. Additional points of interest surrounding the property include NC State Employees Credit Union, Central Carolina Community College (5,411+ enrollment), Central Harnett Hospital (50 Beds; 24/7 Emergency Room) and multiple Harnett County Offices. Campbell University (6,900+ Students) is also located close to the subject - approximately four miles.

Exclusively Listed By

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