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714 N US Highway 1
Rockingham, NC 28379

$1,818,000 USD

Restaurant For Sale  •  5,780 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,780 SF
  • Lot Size 1.57 AC
  • Year Built 2024
  • Cap Rate 5.50 %
  • Zoning C
0 Transit Score
4 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 Walmart Shopping Center) on a large ±1.57-acre lot with great visibility/access
Traffic counts of 25,166 CPD!
2024 DEMOGRAPHICS: Total Population (5-MI): 29,972 | Average Household Income (1-MI): $67,173
Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
IHOP 5,780 SF 9/30/2039

Amenities

  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Hamlet Amtrak Station (Silver Star - Amtrak) 14 min - 8.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 111
Type: Surface
Included in Rent: Yes
Kendall Carlsen 214-643-6097 Commercial Investment Advisors, INC
Kendall Carlsen 214-643-6097 Commercial Investment Advisors, INC