1586 Hwy 56 | Creedmoor, NC 27522
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1586 Hwy 56
Creedmoor, NC 27522
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.
- Surrounding National Retailers - Including AutoZone, O’Reilly, Advance Auto, Walgreens, Food Lion and Tractor Supply Company.
- Newly Extended 20-Year Lease - The tenant recently extended its lease for an additional 20 years.
- Great Traffic Counts - The Property is located adjacent to I-85 which facilitates 35,703 vehicles per day.
- Growing Population - Growing population at 1.11% annually
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,834 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.93 AC
Zoning
HB
Parking
26 Spaces (14.66 Spaces per 1,000 SF Leased)
Frontage
266’ on East C Street
Property Taxes
| Parcel Number | 088703209474 | Improvements Assessment | $1,057,923 |
| Land Assessment | $620,000 | Total Assessment | $1,677,923 |
Property Taxes
Parcel Number
088703209474
Land Assessment
$620,000
Improvements Assessment
$1,057,923
Total Assessment
$1,677,923
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