4205 Arendell St
Morehead City, NC 28557
Burger King #5283 · Retail Property For Sale

RTP Capital Advisors is pleased to present Burger King #5283 in Morehead City, NC. This Carrols Corporation guaranteed, absolute net leased property has over 8 years remaining on the current term and was recently renovated, demonstrating a commitment to the location. Morehead City is part of The Crystal Coast, a premier North Carolina vacation destination made up of 81 miles of beaches where tourism is a significant contributor to the local economy. Burger King #5283 is centrally located on Arendell St (Interstate 70), the primary retail, medical, and education corridor for not just Morehead City but Carteret County as well. Within proximity to the subject property are many major retailers such as Walmart, Harris Teeter, Dick’s Sporting Goods, and popular restaurants such as Chick-Fil-A, Panera, Jimmy John’s, and more. Surrounding the subject property are 3 major medical and office buildings, the last of which was built in 2013. Approximately one mile away from the subject property is Carteret Community College and Carteret Health Care, a major regional hospital and employer. The area is also known for its extensive marine science programs with nearby campuses for The University of North Carolina, North Carolina State University, and Duke University. Burger King #5283 is an absolute net leased investment guaranteed by Burger King’s largest franchisee, Carrols Corporation, who owns and operates over 800 locations. We are pleased to offer this investment opportunity for $1,562,000 at a 6.00% cap rate.