10795 S US Highway 15 501 - Retail FOR SALE


Southern Pines, NC 28387
$8,378,000 USD
843-725-7835
10795 S US Highway 15 501, Southern Pines, NC for Sale
$8,378,000 USD
Retail - FOR SALE
1/8
null | 5.9% Cap Rate

10795 S US Highway 15 501
Southern Pines, NC 28387


HIGHLIGHTS

  • Strong Corporate Credit
  • Affluent Surrounding Demographics
  • Primary Retail Corridor
  • Embedded Rent Growth
  • Long Lease Terms | Freddy's Ground Lease

OVERVIEW

Murray Hill Place is a 11,414 SF essential service retail property featuring a tenant roster of nationally recognized brands like Freddy’s Frozen Custard and Steakburgers, Chipotle, The Vitamin Shoppe, and Sleep Number, all backed by strong corporate or franchisee guarantees. Located in an affluent area with a population of 36,000 and average household incomes over $104,000, the site is strategically positioned along HWY 15-501, the regions primary retail corridor. Tenants benefit from long-term leases with 10% rent increases every five years, ensuring embedded rent growth. The property also benefits from its proximity to key regional economic drivers like Pinehurst Resort, the future USGA headquarters, and Fort Bragg. Freddy's has committed with a 20-year ground lease, further securing steady income.

FOR SALE DETAILS

PRICE

$8,378,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

111

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

General Business

APN/PARCEL ID

8571-10-45-1215

ASK ABOUT THIS PROPERTY

Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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