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1113-1121 E 11th St

14,800 SF 100% Leased Retail Building Siler City, NC 27344 $2,839,817 CAD ($192 CAD/SF) 7.53% Cap Rate

Retail Buildings North Carolina Siler City 1113-1121 E 11th St, Siler City, NC 27344

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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,800 SF
Building Class
C
Year Built
2006
Price
$2,839,817 CAD
Price Per SF
$192 CAD
Cap Rate
7.53%
NOI
$213,838 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.62 AC
Zoning
C
Parking
85 Spaces (6.34 Spaces per 1,000 SF Leased)
Frontage
182 ft on 11th St

Amenities

  • Signage
  • Drive Thru
  • Air Conditioning

Links

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Nearby Major Retailers

Cookout
Truist
First Horizon Bank
Carter Bank & Trust
PNC Bank
Compare Foods
Piggly Wiggly

PROPERTY TAXES

Parcel Number 61275 Improvements Assessment $1,314,700 CAD
Land Assessment $387,315 CAD Total Assessment $1,702,015 CAD

PROPERTY TAXES

Parcel Number
61275
Land Assessment
$387,315 CAD
Improvements Assessment
$1,314,700 CAD
Total Assessment
$1,702,015 CAD
(214) 692-2847

Contacts

  • Listing ID: 34344846

  • Date on Market: 2025-01-02

  • Last Updated:

  • Address: 1113-1121 E 11th St, Siler City, NC 27344

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1113-1121 E 11th St
(214) 692-2847 x

1113-1121 E 11th St

1/2

Conrad Sarreal

(214) 692-2847

(214) 692-2847

Christian Becker

(512) 430-4466

(512) 430-4466

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