1110 W NC-54 Hwy | Durham, NC 27707
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1110 W NC-54 Hwy
Durham, NC 27707
Taco Bell & KFC · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Dual Concept QSR – Taco Bell and KFC Restaurants | Part of a 4-Property QSR Portfolio – or Available Separately (contact listing agents for more info)
- 20-Year, Triple Net (NNN) Lease With Approx. 17 Years Remaining
- Strong Franchisee, Luihn VantEdge Partners Owns and Operates Over 180 Restaurants Throughout AZ, FL, NC, SC and VA
- Tenant Has 10 Percent Rent Bump Coming in March of 2024, Bringing Pricing to 4.95% Cap Rate
- 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Average Household Income is $93,125 in One Mile of Subject Property, and $108,099 in Three Miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,634 SF
Building Class
B
Year Built/Renovated
1985/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.10 AC
Zoning
CC
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
67’ on Nc-54 Hwy
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 135701 | Improvements Assessment | $1,082,597 |
| Land Assessment | $1,483,959 | Total Assessment | $2,566,556 |
PROPERTY TAXES
Parcel Number
135701
Land Assessment
$1,483,959
Improvements Assessment
$1,082,597
Total Assessment
$2,566,556
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