New Sherwin Williams
For Sale
Contact for pricing
355 Murray Hill Rd, Southern Pines, NC 28387
NN lease with six extension options and limited landlord responsibilities supports a defined ownership structure.
Property Size4,000 SF
Price / SF$895.75
Days on Market158
Property Features for 355 Murray Hill Rd
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
13
Property subtype
Retail
Zoning
GB- General Business
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$206,000
Additional Details
Traffic Count
30,500 vehicles/day
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Calvin Short · License #01927216
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Mar 28 at 10:10PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The fee-simple property includes a 4,000-square-foot Sherwin Williams storefront, completed in 2026 and leased under a new NN agreement. The initial lease term runs 10 years, with six 5-year extension options. Contractual rent increases are set at 8% every five years during the initial term and at the start of each option period. The tenant carries a BBB credit rating.
Located at 355 Murray Hill Rd in Southern Pines, the property fronts State Highway 211 / U.S. Highway 15 & 501, a roadway reported to carry approximately 30,500 vehicles per day. The site is positioned within a retail corridor near Lowe’s Home Improvement, Walmart Supercenter, Best Buy, Staples, Hobby Lobby, Ross Dress for Less, and other national retailers. It is adjacent to a Target-anchored center with HomeGoods, Five Below, and Dick’s Sporting Goods. The property is zoned GB—General Business.
Located at 355 Murray Hill Rd in Southern Pines, the property fronts State Highway 211 / U.S. Highway 15 & 501, a roadway reported to carry approximately 30,500 vehicles per day. The site is positioned within a retail corridor near Lowe’s Home Improvement, Walmart Supercenter, Best Buy, Staples, Hobby Lobby, Ross Dress for Less, and other national retailers. It is adjacent to a Target-anchored center with HomeGoods, Five Below, and Dick’s Sporting Goods. The property is zoned GB—General Business.
Key Highlights
- 4,000‑square‑foot storefront completed in 2026
- Sherwin Williams tenant under a new 10‑year NN lease
- Six 5‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
30,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
788k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Apparel 19%
Shops & Services 14%
Superstores 13%
Walmart
Superstores
102,483 visits/mo
0.4 miles
Chick-fil-A
Dining
52,821 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
50,519 visits/mo
0.1 miles
T.J. Maxx
Apparel
46,079 visits/mo
0.5 miles
Kohl's
Apparel
41,831 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?
Storefront property - NN lease with six extension options and limited landlord responsibilities supports a defined ownership structure.
Where is this storefront property located?
The property is located at 355 Murray Hill Rd Southern Pines, NC.
What is the asking price?
The asking price for this property is $3,583,000.
What are key features of this property?
This property features: 4,000‑square‑foot storefront completed in 2026; Sherwin Williams tenant under a new 10‑year NN lease; Six 5‑year extension options
