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28767542
28767559

100 S Main Street, Lillington, NC 27546 For Sale

MB
NC 239352
Century 21 Triangle Group Fuquay Varina
Listed by Century 21 Triangle Group Fuquay Varina
$1,400,000
231 days on market
Updated 42 days ago

Riverfront Investment Opportunity

Details
APN ‭0650522895000‬
Property Type Retail
Sub Type Restaurant
Square Footage 2,885
Cap Rate 5.3%
NOI $74,160
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5.3
Lease Expiration 02/01/2030
Remaining Term 3.5
Rent Bumps Yes
Pro-Forma Cap Rate 5.54%
Pro-Forma NOI $77,565
Broker Co-Op Yes
Year Built 1991
Buildings 1
Stories 1
Acreage 1.340
Zoning GB, RR
Parking Spaces 35 spaces
Parking per 1,000 SqFt 12.13
Investment Type Net Lease
Lease Commencement 11/01/2024

Unmatched Riverfront Location | Strong Future Upside

Marketing description

Fully leased restaurant property with more than 200 feet of Cape Fear River frontage at Harnett County's busiest river crossing. This site sits where US 401, US 421, NC 210, and NC 27 meet, creating exceptional visibility and steady traffic. The location serves as a key gateway between the Triangle and Fayetteville, with 2025 AADT nearing 39,000 vehicles just north of the river. The current restaurant tenant has four years remaining on a five-year lease with one 5-year renewal option. Tenant pays all utilities plus TICAM. The building includes seating for approximately 92 guests, a full bar, plus popular outdoor seating. New roof installed in 2024. Zoned GB-General Business, the property offers flexibility for future uses and long-term upside. Growth in the area is accelerating, with more than 11,000 new residential lots approved in Lillington and Harnett County's population up more than 27% since 2010. Located 15 minutes from Fuquay-Varina, and 30 minutes from both Raleigh and Fayetteville/Fort Bragg, this property pairs stable current income with outstanding future potential. Additional acreage available.

Investment highlights

  • Over 200 feet of Cape Fear River frontage
  • 2025 AADT nearing 39,000
  • Indoor seating for approximately 92 guests + outdoor river-view seating for an additional 50 guests
  • 35 dedicated parking spaces, plus shared parking available
  • Tenant pays all utilities and TICAM
  • New roof installed in 2024
  • Located in fast-growing Harnett County
  • Additional acreage available
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Listing Contacts

MB
NC 239352
Century 21 Triangle Group Fuquay Varina
Listed by Century 21 Triangle Group Fuquay Varina

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,160.00
$6,180.00/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

Name
MJ Bartlett
License
239352
Brokerage
Mary Jane Bartlett
Brokerage Phone
910-890-0353
Title
Real Estate Broker
Brokerage Address
407 North Judd Parkway Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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