Details
Investment Highlights
Description
This freestanding Burger King is located on a pad in front of a Target store and just off of the ring-road to Golden East Crossing, the areas regional mall and main retail corridor. This Burger King franchisee is generating over $2.0 million dollars in annual gross sales from this site, approximately twice the National average. The franchisee has 30+ years of experience in the Burger King system and operates 10 stores. This investment offers an investor very attractive fundamentals with a low rent to sales ratio of only 6.4%.
This pad site enjoys tremendous exposure to approximately 91,000 cars per day. Area retailers include JC Penny, Sears, Best Buy, Ross, Petco, Walmart Superstore and more. Kohl’s has proposed a new store directly across the street from the subject property. Rocky Mount’s population is approximately 59,000 with a total MSA population of some 150,000 residents. The city has earned the “All American City” designation twice and was included on Money Magazine’s “Best Places to Live” list.