1695 US-1 - Convenience Store FOR SALE
Southern Pines, NC 28387 |
1695 US-1
Southern Pines, NC 28387
HIGHLIGHTS
- The Subject Property features a brand new 15 Year absolute-net ground lease with no landlord management or maintenance obligations
- This Sheetz lease features 10% rental increases in year 11 and in each of the seven, five year options to renew
- This is the only Sheetz property within a 14 mile radius of the site
- Sheetz has tremendous visibility and ingress/egress along US Highway 1/Sandhills Blvd (37,000 VPD), a primary roadway within Southern Pines
- The lease is corporately guaranteed by Sheetz, Inc. who was ranked 27th by Forbes list of largest private companies and whose revenue exceeded $14B
- Average household incomes exceed $115,000 within 3 miles and over $119,000 within 5 miles of the subject property
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Sheetz
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
6132
STORIES
1
YEAR BUILT
2024
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
857115720651
