10779 Us 15-501 Hwy Southern Pines, NC 28387

This exceptional Class A retail property in Southern Pines, NC, offers a compelling investment opportunity with a strong 5.90% cap rate and a substantial NOI of $494,296. The 11,414 square foot center, built in 2023, sits on a 2.52-acre lot and features two buildings housing four national tenants: Chipotle, Sleep Number, Vitamin Shoppe, and Freddy's Frozen Custard & Steakburgers. All tenants are credit-rated, with corporate or franchisee guarantees, ensuring a stable income stream. The property boasts 100% occupancy with a remaining lease term of 12 years, including embedded rent growth of 10% every five years. Freddy's has a separate 20-year ground lease with options, extending well into the future. The strategic location on a high-traffic retail corridor (31.8K VPD) near Pinehurst and Fort Bragg, coupled with affluent demographics and proximity to major economic drivers, ensures long-term value and growth potential. The ground lease expires on December 31, 2062. This is a rare opportunity to acquire a high-performing, multi-tenant retail center with significant long-term upside. The asking price is $8,378,000. Lease options are available