355 Murray Hill Rd - Freestanding FOR SALE


Southern Pines, NC 28387
$3,583,000 USD
949-506-2009
355 Murray Hill Rd, Southern Pines, NC for Sale
$3,583,000 USD
Freestanding - FOR SALE
1/12
null | 5.75% Cap Rate

355 Murray Hill Rd
Southern Pines, NC 28387


HIGHLIGHTS

  • 10 Year Lease | Investment Grade Credit (BBB) | 8% Rent Increases in Options
  • NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Pine Ridge at Morganton Park, 100-Acre |Excellent Frontage | High Traffic Counts
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Sherwin Williams investment property located in Southern Pines, North Carolina. The tenant, Sherwin Williams, recently signed a brand new 10-year lease with six (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every five years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for an investor.

FOR SALE DETAILS

PRICE

$3,583,000 USD

PRICE/SF

$896 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Sherwin Williams | Superb Retail Corridor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

GB

APN/PARCEL ID

46731

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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