1026 Glenway DrStatesville, NC 28625
High-yield IHOP NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Brand new 5,558 square foot IHOP restaurant with a 15-year absolute NNN lease featuring 10% rent escalations every five years and three five-year renewal options.
- Tenant is Suncakes, LLC, a subsidiary of Sun Holdings, the second-largest franchisee in the U.S.
- Located on a 1.325-acre pad site in a high-traffic retail corridor adjacent to a Walmart-anchored shopping center, with excellent visibility and access on Glenway Drive near Turnersburg Highway (32,018 CPD) and I-40 (59,421 CPD).
- Strong demographics: 2024 data shows a 5-mile population of 48,019 and a 1-mile average household income of $88,382.
Property Details for 1026 Glenway Dr
- Property type
- Other retail properties, Restaurants
- Square Feet
- 5,558 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 57,717 SF
- Units
- 1
Location Insight
- City
- Statesville
- County
- Iredell
- State
- North Carolina
- Latitude
- 35.8084924
- Longitude
- -80.8742008
Nearby Similar for Sale
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