Southern Prime Steakhouse

NN Lease – Landlord Responsible for Roof and Structure – ±13 Years Remaining on the initial term, with Two, 10-Year Options to renew
Strong Demographics – Average Household Income within a five-mile radius is over $129,666
Major Tourist Destination – Moore County, NC sees over 1 million visitors annually, driven by its reputation as the “Home of American Golf”
Fine Dining Restaurant – that has seen an average of ±7% increase in annual sales year over year for the past 5 years
Trademark Conveys With Sale – Southern Prime Steakhouse name conveys with sale
Greater of $10,000 per month or 8% of gross annual revenue at calendar year end – Provides tremendous upside for buyers
Downtown Southern Pines Location – The asset is located at 270 SW Broad Street in Southern Pines, NC, placing it within the town’s established commercial corridor. The property offers easy customer access with abundant free on-street parking.
2029 U.S. Open Host Market – Located minutes from Pinehurst Resort, host of the 2029 U.S. Open Championship, reinforcing the area’s global reputation and supporting sustained tourism, hospitality, and economic activity.

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