1695 US-1 | Southern Pines, NC 28387
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- LoopNet Team
1695 US-1
Southern Pines, NC 28387
Sheetz · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Subject Property features a brand new 15 Year absolute-net ground lease with no landlord management or maintenance obligations
- This is the only Sheetz property within a 14 mile radius of the site
- The lease is corporately guaranteed by Sheetz, Inc. who was ranked 27th by Forbes list of largest private companies and whose revenue exceeded $14B
- This Sheetz lease features 10% rental increases in year 11 and in each of the seven, five year options to renew
- Sheetz has tremendous visibility and ingress/egress along US Highway 1/Sandhills Blvd (37,000 VPD), a primary roadway within Southern Pines
- Average household incomes exceed $115,000 within 3 miles and over $119,000 within 5 miles of the subject property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,132 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.95 AC
Zoning
SP
Frontage
255’ on U.S. 1
PROPERTY TAXES
| Parcel Number | 857115720651 | Improvements Assessment | $4,148,890 |
| Land Assessment | $3,510,000 | Total Assessment | $7,658,890 |
PROPERTY TAXES
Parcel Number
857115720651
Land Assessment
$3,510,000
Improvements Assessment
$4,148,890
Total Assessment
$7,658,890
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