714 N US Highway 1 - Restaurant FOR SALE
Rockingham, NC 28379 |
$1,667,000 USD
402-730-6021
714 N US Highway 1
Rockingham, NC 28379
HIGHLIGHTS
- Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew
- Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands
- Located in dominant retail corridor (pad site to a Walmart Shopping Center) on a large ±1.57-acre lot with great visibility/access
- Traffic counts of 25,166 CPD!
- 2024 DEMOGRAPHICS: Total Population (5-MI): 29,972 | Average Household Income (1-MI): $67,173
FOR SALE DETAILS
PRICE
$1,667,000 USD
PRICE/SF
$288 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP - ROCKINGHAM, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
111
LAND DETAILS
LAND ACRES
1.57 AC
LAND SF
68,389 SF
ZONING
C
APN/PARCEL ID
748301-18-9351
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402-730-6021
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402-730-6021
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