161 Wakelon St | Zebulon, NC 27597
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- LoopNet Team
161 Wakelon St
Zebulon, NC 27597
KFC & Taco Bell · Retail Property For Sale
Investment Highlights
- Dual Concept QSR – Taco Bell and KFC Restaurants
- Tenant Has 10 Percent Rent Bump Coming in March of 2024, Bringing Pricing to 4.95% Cap Rate
- Part of the Raleigh-Durham-Chapel Hill Metro Area with Nearly 2.3 Million People
- 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 | 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Strong Franchisee, Luihn VantEdge Partners Owns and Operates Over 180 Restaurants Throughout AZ, FL, NC, SC and VA
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,519 SF
Building Class
B
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.63 AC
Zoning
HB - Highway Business
Parking
52 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 2705.06-38-1937-000 | Improvements Assessment | $873,373 |
| Land Assessment | $785,294 | Total Assessment | $1,658,667 |
PROPERTY TAXES
Parcel Number
2705.06-38-1937-000
Land Assessment
$785,294
Improvements Assessment
$873,373
Total Assessment
$1,658,667
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