9735 US Highway 15 501, Southern Pines, NC 28374

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Building Details:

Opportunity to Purchase a 21.4286% Non-Recourse Ownership Share in a 14,480 SF Retail Center in the Heart of the Pinehurst / Southern Pines area on the US Highway 15-501 corridor. Situated on 3.16 acres adjacent to Pinehurst #9 (formerly National Golf Club) and anchored by Hickory Tavern (who just signed a new long-term Lease) and contains a separate undeveloped 5850 SF Pad (w/ Parking already in place around the Pad). Directly north of Comfort Inn. Current ownership goal is to sell as an Investment Property upon the Center being 100% Leased. May be future opportunity for 100% Ownership or a reasonably quick Cash Out. 12.5% Cap Rate is based only on current leases and 2019 Budget. Major upside still on the table. Additional information available with the signing of an NDA.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Retail Space	For sale: $410,552
View Details Listing company: CBC Corporate Pricing: $410,552 Availability: Now Listing ID: 2078605 Save to list