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1113-1121 E 11th St
Siler City, NC 27344

$1,967,000 USD

Freestanding For Sale  •  14,800 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 14,800 SF
  • Lot Size 1.62 AC
  • Building Class C
  • Year Built 2006
  • Cap Rate 7.53 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
48 Walk Score

Highlights

PRIME PIEDMONT CRESCENT LOCATION – Strategically situated in Siler City, Chatham County’s largest market
STRONG TENANT ROSTER – Fully leased to a strong tenant roster with over 80% national brands, including Family Dollar, Jersey Mike’s
RAPID POPULATION GROWTH – The surrounding area is projected to experience robust population growth exceeding 11% through 2029
PRIME FRONTAGE AND VISIBILITY – Located along US Hwy 64, one of Chatham County’s most heavily trafficked highways
POSITIVE RENT GROWTH – Family Dollar and Little Caesar’s who has been at this location since 2014 and 2017, respectively, and occupy 70% of the center
FINANCEABLE METRICS – Lenders prefer strip centers with national tenants and 5+ year average leases, both of which this property offers.
Cap Rate: 7.53 %

Amenities

  • Signage
  • Drive Thru
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 85
Type: Surface
Included in Rent: Yes
Conrad Sarreal 214-692-2847 Matthews Real Estate Investment Services
Conrad Sarreal 214-692-2847 Matthews Real Estate Investment Services