1113-1121 E 11th St
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1113-1121 E 11th St
14,800 SF 100% Leased Retail Building Siler City, NC 27344 £1,583,226 (£107/SF) 7.53% Net Initial Yield
Investment Highlights
- PRIME PIEDMONT CRESCENT LOCATION – Strategically situated in Siler City, Chatham County’s largest market
- RAPID POPULATION GROWTH – The surrounding area is projected to experience robust population growth exceeding 11% through 2029
- POSITIVE RENT GROWTH – Family Dollar and Little Caesar’s who has been at this location since 2014 and 2017, respectively, and occupy 70% of the center
- STRONG TENANT ROSTER – Fully leased to a strong tenant roster with over 80% national brands, including Family Dollar, Jersey Mike’s
- PRIME FRONTAGE AND VISIBILITY – Located along US Hwy 64, one of Chatham County’s most heavily trafficked highways
- FINANCEABLE METRICS – Lenders prefer strip centers with national tenants and 5+ year average leases, both of which this property offers.
Executive Summary
Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,800 SF
Building Class
C
Year Built
2006
Price
£1,583,226
Price Per SF
£107
Net Initial Yield
7.53%
NOI
£119,217
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Lot Size
1.62 AC
Zoning
C
Parking
85 Spaces (6.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 61275 | Improvements Assessment | £731,715 |
| Land Assessment | £215,566 | Total Assessment | £947,281 |
PROPERTY TAXES
Parcel Number
61275
Land Assessment
£215,566
Improvements Assessment
£731,715
Total Assessment
£947,281
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1113-1121 E 11th St
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