1509 E 11th St | Siler City, NC 27344
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- LoopNet Team
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
| Parcel Number | 61434 | Improvements Assessment | $623,350 |
| Land Assessment | $369,393 | Total Assessment | $992,743 |
PROPERTY TAXES
Parcel Number
61434
Land Assessment
$369,393
Improvements Assessment
$623,350
Total Assessment
$992,743
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