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Birdie Houses – Pinehurst, NC | 20-Year NNN 180 Aiken Rd 3,300 SF Retail Building Southern Pines, NC 28387 $2,000,000 ($606.06/SF) 7% Cap Rate
Investment Highlights
- 20-Year Absolute NNN Sale-Leaseback Brand-new long-term lease commencing at close of escrow with zero landlord responsibilities.
- 2% Annual Contractual Escalations Built-in rent increases throughout the base term and renewal options, providing inflation protection.
- Asset in Pinehurst Market Purpose-built asset located in one of the most nationally recognized destination golf markets in the United States.
- Corporate Guarantee – Birdie Houses, Inc. Full corporate guaranty backing lease obligations across platform operations.
- 100% Leased to Single Corporate Tenant Long-term contractual rent under Absolute NNN structure.
Executive Summary
Alpha Real Estate Advisors is pleased to present Birdie Houses – Pinehurst, an asset secured by a brand-new 20-year Absolute NNN lease.
The lease is corporately guaranteed by Birdie Houses, Inc. and features 2% annual rent increases throughout the base term. The tenant is responsible for all taxes, insurance, and maintenance, providing true passive income with zero landlord responsibilities.
The property is 100% leased and structured as a sale-leaseback commencing at closing. Tenant operations and guest occupancy are separate from landlord income and do not impact contractual rent obligations.
Located in the Pinehurst golf market, one of the most recognized destination golf markets in the United States, the asset benefits from durable tenant demand supported by destination-driven travel.
The lease is corporately guaranteed by Birdie Houses, Inc. and features 2% annual rent increases throughout the base term. The tenant is responsible for all taxes, insurance, and maintenance, providing true passive income with zero landlord responsibilities.
The property is 100% leased and structured as a sale-leaseback commencing at closing. Tenant operations and guest occupancy are separate from landlord income and do not impact contractual rent obligations.
Located in the Pinehurst golf market, one of the most recognized destination golf markets in the United States, the asset benefits from durable tenant demand supported by destination-driven travel.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Building Size
3,300 SF
Year Built
2025
Price
$2,000,000
Price Per SF
$606.06
Cap Rate
7%
NOI
$140,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
0.77 AC
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Birdie Houses – Pinehurst, NC | 20-Year NNN | 180 Aiken Rd
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