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IHOP - ROCKINGHAM, NC 714 N US Highway 1

5,780 SF 100% Leased Retail Building Rockingham, NC 28379 $1,667,000 ($288/SF) 6% Cap Rate

Restaurants North Carolina Rockingham 714 N US Highway 1, Rockingham, NC 28379

Investment Highlights

  • Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew
  • Located in dominant retail corridor (pad site to a Walmart Shopping Center) on a large ±1.57-acre lot with great visibility/access
  • 2024 DEMOGRAPHICS: Total Population (5-MI): 29,972 | Average Household Income (1-MI): $67,173
  • 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
  • Traffic counts of 25,166 CPD!

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,780 SF
Year Built
2024
Price
$1,667,000
Price Per SF
$288
Cap Rate
6%
NOI
$100,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.08
Lot Size
1.57 AC
Zoning
C
Parking
111 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
218 FT on E US Hwy 74

Amenities

  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • IHOP
  • Accommodation and Food Services
  • 5,780 SF
  • -
  • Sep 2039
Tenant Industry SF OCCUPIED RENT/SF Lease End
IHOP Accommodation and Food Services 5,780 SF - Sep 2039

Links

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Nearby Major Retailers

Ihop
Food Lion
(214) 643-6097

Contact

  • Listing ID: 33476530

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 714 N US Highway 1, Rockingham, NC 28379

More public record information on 714 N US Highway 1, Rockingham, NC 28379

The Retail Property at 714 N US Highway 1, Rockingham, NC 28379 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

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IHOP - ROCKINGHAM, NC | 714 N US Highway 1
(214) 643-6097 x

IHOP - ROCKINGHAM, NC | 714 N US Highway 1

Kendall Carlsen

(214) 643-6097

(214) 643-6097

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