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507 S Bickett Blvd 1,482 SF Retail Building Louisburg, NC 27549 $1,777,165 CAD ($1,199.17 CAD/SF) 5.54% Cap Rate



Investment Highlights
- Modern construction with excellent condition and strong curb presence
- Large ±1.14 acre parcel allowing room for expansion or additional site improvements
- Existing drive-thru infrastructure ideal for retail, QSR, beverage, or service models
- Income-producing asset with a healthy, well-performing retailer in place
- High-visibility location along S Bickett Blvd with consistent daily traffic
Executive Summary
This newly constructed freestanding retail asset at 507 S Bickett Blvd presents a rare opportunity to acquire a high-quality, income-producing property positioned along one of Louisburg’s most active commercial corridors. Across the street from Walmart. Built less than two years ago and maintained in excellent condition, the site delivers strong curb appeal, modern construction efficiencies, and the long-term durability that investors seek in today’s market. The property is currently occupied by a well-performing vape retailer whose ongoing success underscores the location’s visibility and customer draw.
Set on a generous ±1.14 acre parcel, the site offers meaningful scalability for future value creation. Investors benefit not only from the existing drive-thru configuration, highly attractive in contemporary retail operations, but also from available land area suitable for additional building area, improved parking, or complementary retail pads if desired. The parcel’s depth and accessibility enhance the functionality of the site while simultaneously supporting long-term redevelopment optionality.
Set on a generous ±1.14 acre parcel, the site offers meaningful scalability for future value creation. Investors benefit not only from the existing drive-thru configuration, highly attractive in contemporary retail operations, but also from available land area suitable for additional building area, improved parking, or complementary retail pads if desired. The parcel’s depth and accessibility enhance the functionality of the site while simultaneously supporting long-term redevelopment optionality.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,482 SF
Building Class
B
Year Built
2024
Price
$1,777,165 CAD
Price Per SF
$1,199.17 CAD
Cap Rate
5.54%
NOI
$98,428 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.14 AC
Zoning
Hyw - Bus District - Business or Commercial District
Parking
10 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
250’ on Bickett Bvld
Nearby Major Retailers
Property Taxes
| Parcel Number | 017437 | Improvements Assessment | $333,089 CAD |
| Land Assessment | $403,162 CAD | Total Assessment | $736,251 CAD |
Property Taxes
Parcel Number
017437
Land Assessment
$403,162 CAD
Improvements Assessment
$333,089 CAD
Total Assessment
$736,251 CAD
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507 S Bickett Blvd
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