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11 Plaza Pky
Lexington, NC 27292

$2,167,000 USD

Restaurant For Sale  •  4,528 SF

Property Details

• Property Type Restaurant
• Total Building Size 4,526 SF
• Lot Size 1.25 AC
• Building Class B
• Year Built 2024
• Cap Rate 6.00 %
• Tenancy Single
• Zoning B3 - Highway Business

0 Transit Score

42 Walk Score

Highlights

Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew

Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands

Located in dominant retail corridor (pad site to a Belk, Tractor Supply & Ollie's Bargain Outlet Shopping Center) on a large ±1.25-acre lot

East of Cotton Grove Rd with traffic counts of 26,248 CPD (just north of I-85 with traffic counts of 62,228 CPD)

2024 DEMOGRAPHICS: Total Population (5-MI): 89,904 | Average Household Income (1-MI): $81,379

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
IHOP	4,526 SF	9/30/2039

Amenities

• Pylon Sign
• Restaurant
• Signage
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Piedmont Triad International	52 min	-	40.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes