180 Aiken Rd - Retail FOR SALE


Southern Pines, NC 28387
$2,000,000 USD
858-414-7849
180 Aiken Rd, Southern Pines, NC for Sale
$2,000,000 USD
Retail - FOR SALE
1/13
null | 7% Cap Rate

180 Aiken Rd
Southern Pines, NC 28387


HIGHLIGHTS

  • 20-Year Absolute NNN Sale-Leaseback Brand-new long-term lease commencing at close of escrow with zero landlord responsibilities.
  • Corporate Guarantee – Birdie Houses, Inc. Full corporate guaranty backing lease obligations across platform operations.
  • 2% Annual Contractual Escalations Built-in rent increases throughout the base term and renewal options, providing inflation protection.
  • 100% Leased to Single Corporate Tenant Long-term contractual rent under Absolute NNN structure.
  • Asset in Pinehurst Market Purpose-built asset located in one of the most nationally recognized destination golf markets in the United States.

OVERVIEW

Alpha Real Estate Advisors is pleased to present Birdie Houses – Pinehurst, an asset secured by a brand-new 20-year Absolute NNN lease. The lease is corporately guaranteed by Birdie Houses, Inc. and features 2% annual rent increases throughout the base term. The tenant is responsible for all taxes, insurance, and maintenance, providing true passive income with zero landlord responsibilities. The property is 100% leased and structured as a sale-leaseback commencing at closing. Tenant operations and guest occupancy are separate from landlord income and do not impact contractual rent obligations. Located in the Pinehurst golf market, one of the most recognized destination golf markets in the United States, the asset benefits from durable tenant demand supported by destination-driven travel.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$606 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Birdie Houses – Pinehurst, NC | 20-Year NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

8583-00-32-2047

ASK ABOUT THIS PROPERTY

Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.