NNN Steakhouse with Landlord Roof
For Sale
$4,300,000
270 SW Broad St, Southern Pines, NC 28387
NNN restaurant sale with roof-and-structure landlord responsibility, about 113 years remaining, and downtown Southern Pines on-street parking.
Property Size7,207 SF
Days on Market47
Property Features for 270 SW Broad St
General Information
Standard status
Active
Size
7,207 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
± 13 Years
Net Operating Income
$296,940
Additional Details
Business Included
Yes
Building Details
Building Size
7,207 SF
Year Built
2008
Listing Agency:
Matthews of North Carolina, LLC
(704) 207-0736
Listed By:
Andrew Rollans · License #363290 (NC)
(704) 207-0736
Source:
Matthews
Added: Jul 18
Changed: Aug 8
Last Checked: Sep 1 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews of North Carolina, LLC
Investment Insights
Based on property information with market context.
The offering is an NNN-leased steakhouse restaurant with landlord responsibility for roof and structure. The lease structure includes approximately 113 years remaining on the initial term, along with two 10-year options to renew. Trademark conveys with the sale. Rent is the greater of $10,000 per month or 8% of gross annual revenue, calculated at calendar year end.
Located at 270 SW Broad St in Southern Pines, NC, the property sits within the town’s established commercial corridor and is served by abundant free on-street parking for customers. The remarks cite strong local demand drivers, including average household income over $129,666 within a five-mile radius and more than 1 million visitors annually in Moore County, supported by the area’s “Home of American Golf” reputation.
Located at 270 SW Broad St in Southern Pines, NC, the property sits within the town’s established commercial corridor and is served by abundant free on-street parking for customers. The remarks cite strong local demand drivers, including average household income over $129,666 within a five-mile radius and more than 1 million visitors annually in Moore County, supported by the area’s “Home of American Golf” reputation.
Key Highlights
- NN lease: landlord responsible for roof and structure
- Built in 2008; about 13 years remaining on the initial term with two, 10‑year renewal options
- Southern Pines location at 270 SW Broad Street with abundant free on‑street parking for customer access
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Home Improvements & Furnishings 10%
Truist
Shops & Services
6,904 visits/mo
0.1 miles
Marathon
Shops & Services
5,524 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,415 visits/mo
0.5 miles
Demographics for 28387, NC
16,413
Population
8,731
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
93%
High-School Grad
29.5 sq mi
ZIP Area
556
Density / Sq Mi
$73,587
Median Household Income
$51,681
Median Earnings
$1,137
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - NNN restaurant sale with roof-and-structure landlord responsibility, about 113 years remaining, and downtown Southern Pines on-street parking.
Where is this conventional restaurant located?
The property is located at 270 SW Broad St Southern Pines, NC.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: NN lease: landlord responsible for roof and structure; Built in 2008; about 13 years remaining on the initial term with two, 10‑year renewal options; Southern Pines location at 270 SW Broad Street with abundant free on‑street parking for customer access
