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235 Outlet Center Dr
Smithfield, NC 27577
TEXAS STEAKHOUSE - SMITHFIELD, NC · Retail Property For Sale
Investment Highlights
- Brand New 15-Year Absolute NNN Lease with Attractive 10% Rental Escalations Every 5 Years!
- Successfully Open & Operating for Decades with an Attractive 6.97% Rent to Sales Ratio!
- ±2.286-Acre Lot with Great Visibility & Access on Outlet Center Dr, where Traffic Counts Exceed 24,380 CPD!
- TSSP LLC Owns & Operates 6 Texas Steakhouse & Saloon, 2 Bricktown Brewerys & 1 Sagebush Steakhouse
- Currently Under Renovation with Estimated ±$275,000 to $300,000 Interior/Exterior Remodel - Showing Tenant’s Commitment to this Location!
- 2021 DEMOGRAPHICS: Total Population (5-MI): 27,220 | Average Household Income (3-MI): $62,108
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,466 SF
Building Class
C
Year Built/Renovated
1998/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.23 AC
Zoning
COM
Parking
134 Spaces (20.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 15008045D | Improvements Assessment | $627,260 |
| Land Assessment | $1,879,360 | Total Assessment | $2,506,620 |
Property Taxes
Parcel Number
15008045D
Land Assessment
$1,879,360
Improvements Assessment
$627,260
Total Assessment
$2,506,620
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