11067 N Us Highway 15 501
Aberdeen, NC 28315
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Annual Rental Increases - The Lease calls for 1.75% annual rental increases throughout the 20-year term.
- Robust Traffic Counts - The Property benefits from a heavily trafficked retail corridor with 36,900 vehicles per day on Hwy 1.
- Newly Extended Long-Term Lease - The tenant recently extended its lease to a new 20-year term.
- Healthy Rent-to-Sales - The Tenant benefits from a healthy rent-to-sales.
- Dominant Retail Trade Area - The immediate 1-mile area boasts 1.7M SF leased at 97% occupancy.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,817 SF
Building Class
C
Year Built
1994
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.87 AC
Zoning
HC - Highway Commercial
Frontage
139 FT on U.S. 15
PROPERTY TAXES
| Parcel Number | 8571-19-52-1425 | Improvements Assessment | $265,440 |
| Land Assessment | $1,171,070 | Total Assessment | $1,436,510 |
