1240 N Arendell Ave | Zebulon, NC 27597
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1240 N Arendell Ave
Zebulon, NC 27597
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Annual Rental Increases - The Lease calls for 1.75% annual rental increases throughout the 20-year term.
- Strategic Market Position - Surrounding national retailers include Belk, Food Lion, Sheetz, and a nearby Walmart Supercenter
- Newly Extended Long-Term Lease - The tenant recently extended its lease to a new 20-year term.
- Strong Traffic Counts - Adjacent to US-64 with 48,000 vehicles per day and has frontage on Arendell Ave, which facilitates 23,000 vehicles per day.
- Affluent, Growing Population - Rapid population growth of 3.59% annually. The Average Household Income (1 Mi) is $128,560.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,830 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.13 AC
Zoning
HB
Parking
42 Spaces (22.95 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 2706.17-00-6594-000 | Improvements Assessment | $670,439 |
| Land Assessment | $833,292 | Total Assessment | $1,503,731 |
PROPERTY TAXES
Parcel Number
2706.17-00-6594-000
Land Assessment
$833,292
Improvements Assessment
$670,439
Total Assessment
$1,503,731
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