647 Madison Rd
Mocksville, NC 27028
Burger King · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a Burger King located 647 Madison Road Mocksville, NC. Built in 1986, the property consists of 3,790 square feet of building space and sits on 1.25 acre of land.The subject Burger King is subject to a 20-year triple-net, sale-leaseback with Carrols, LLC. The lease will commence upon close of escrow and the base annual rent is $72,094. The rent is subject to one percent (1.0%) annual increases beginning in year 11 and continuing throughout the remainder of the base term. There will be six, five-year tenant renewal options. In each option period, the rent will increase by one percent (1.0%) annually in years 1 through 3 and the rent will remain flat in years 4 and 5. This Burger King property is located at 647 Madison Road in Mocksville, North Carolina. Mocksville is the county seat of Davie County. Mocksville is approximately 60 miles northeast of Charlotte and approximately 25 miles southwest of Winston-Salem.The subject property is well-positioned in a dense retail corridor, surrounded by multiple national and local tenants. Retailers in the surrounding area include: Walmart, Lowe' s, Food Lion, Peebles, Dollar General, Dunkin' Donuts, Taco Bell, Wendy' s, Arby' s, McDonald' s, KFC, Subway, Walgreens, as well as many others. The subject property is located within walking distance of the Days Inn and Highway Inn, with a total of 76 rooms.