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1509 E 11th St
Siler City, NC 27344
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.
  • Strong Visibility - Frontage on the city’s primary throughfare which facilitates 19,500 vehicles per day.
  • 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.
  • Strong Visibility - Frontage on the city’s primary throughfare which facilitates 19,500 vehicles per day.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,843 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.60 AC
Zoning
H-C
Parking
46 Spaces (24.96 Spaces per 1,000 SF Leased)
Frontage
105’ on U.S. 64

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
61434
Land Assessment
$369,393
Improvements Assessment
$623,350
Total Assessment
$992,743
  • Listing ID: 27265310

  • Date on Market: 12/7/2022

  • Last Updated:

  • Address: 1509 E 11th St, Siler City, NC 27344

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