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507 S Bickett Blvd 1,482 SF Retail Building Louisburg, NC 27549 $1,300,000 ($877.19/SF) 5.54% Cap Rate



Investment Highlights
- Modern construction with excellent condition and strong curb presence
- Large ±1.14 acre parcel allowing room for expansion or additional site improvements
- Existing drive-thru infrastructure ideal for retail, QSR, beverage, or service models
- Income-producing asset with a healthy, well-performing retailer in place
- High-visibility location along S Bickett Blvd with consistent daily traffic
Executive Summary
This newly constructed freestanding retail asset at 507 S Bickett Blvd presents a rare opportunity to acquire a high-quality, income-producing property positioned along one of Louisburg’s most active commercial corridors. Across the street from Walmart. Built less than two years ago and maintained in excellent condition, the site delivers strong curb appeal, modern construction efficiencies, and the long-term durability that investors seek in today’s market. The property is currently occupied by a well-performing vape retailer whose ongoing success underscores the location’s visibility and customer draw.
Set on a generous ±1.14 acre parcel, the site offers meaningful scalability for future value creation. Investors benefit not only from the existing drive-thru configuration, highly attractive in contemporary retail operations, but also from available land area suitable for additional building area, improved parking, or complementary retail pads if desired. The parcel’s depth and accessibility enhance the functionality of the site while simultaneously supporting long-term redevelopment optionality.
Set on a generous ±1.14 acre parcel, the site offers meaningful scalability for future value creation. Investors benefit not only from the existing drive-thru configuration, highly attractive in contemporary retail operations, but also from available land area suitable for additional building area, improved parking, or complementary retail pads if desired. The parcel’s depth and accessibility enhance the functionality of the site while simultaneously supporting long-term redevelopment optionality.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,482 SF
Building Class
B
Year Built
2024
Price
$1,300,000
Price Per SF
$877.19
Cap Rate
5.54%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.14 AC
Zoning
Hyw - Bus District - Business or Commercial District
Parking
10 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
250’ on Bickett Bvld
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 017437 | Improvements Assessment | $243,570 |
| Land Assessment | $294,810 | Total Assessment | $538,380 |
Property Taxes
Parcel Number
017437
Land Assessment
$294,810
Improvements Assessment
$243,570
Total Assessment
$538,380
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507 S Bickett Blvd
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