Listed by Atlantic Capital Partners
$1,726,000
Honey Baked Ham Co. | Greensboro, NC
Details
APN 7855584934
Property Type Retail
Sub Type Restaurant, Storefront
Net Rentable (SqFt) 3,954
Units 1
Cap Rate 6.25%
NOI $107,880
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 07/31/2035
Remaining Term 9
Rent Bumps Yes
Lease Options 2 x 5-year options
Class A
Year Built 1969
Stories 1
Acreage 0.640
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2025
Ground Lease No
6.25% CAP | RECENT 10 YEAR EXTENSION
Investment highlights
LONG-TERM CORPORATE COMMITMENT | RECENT 2025 LEASE EXECUTION
- Tenant has operated at the site since 1988
- New lease commenced in August 2025, reaffirming long-term commitment to this established Greensboro location
CORPORATE-GUARANTEED ABSOLUTE NNN INVESTMENT
- Honey Baked Ham is backed by a corporate guaranty with zero landlord responsibilities — no management, no maintenance, no capex
- Truly passive income for the investor
DENSE SURROUNDING RETAIL ECOSYSTEM
- Over 1.6M SF of retail space located in a 1-mile radius
- In the top 20% of Honey Baked Ham locations nationwide by foot traffic (Placer.ai)
STRONG & GROWING DEMOGRAPHICS
- Within 5 miles: 215,484 residents with an average household income of $101,340
- The 3-mile population of 80,374 reflects a dense, established consumer base supporting strong retailer performance
DOMINANT RETAIL CORRIDOR
- The site fronts Battleground Ave, one of Greensboro's primary commercial arteries with 55,920 VPD, with rare dual access via Benjamin Pkwy (15,268 VPD)
- Driving exceptional visibility and customer traffic to the tenant
IRREPLACEABLE LOCATION IN THE GREENSBORO MSA
- Greensboro anchors the Piedmont Triad — within 27 miles of Winston-Salem, 54 miles of Durham, and 73 miles of Raleigh
- Positioning this asset in one of the Southeast's most strategically connected mid-size metros
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$107,880.00
$8,990.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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