Overview

Description

The subject property is a newly constructed Hwy 55 Burgers, Shakes & Fries drive-thru located in Statesville (Outside Charlotte), NC. The brand new 20-year absolute NNN lease is corporately guaranteed by Hwy 55 and includes 10% rental increases every 5-years in the primary term and in the (3) five-year option periods. The property is strategically located directly across the street from a busy Publix and Lowe’s anchored shopping center. The site benefits from its excellent access and visibility along the most heavily trafficked thoroughfare in Statesville (Turnersburg Hwy), which boasts over 24,000 vehicles per day. Turnersburg Hwy is the major thoroughfare going from Statesville to downtown Charlotte. The average household income exceeds $73,000 in a 5-mile radius and $77,000 in a 10-mile radius.

National retailers in the immediate vicinity include O’Reilly Auto, Verizon, Home Depot, Goodwill, 7-Eleven, Chick-Fil-A, TJ Maxx, PetSmart, Advance Auto Parts, CVS, Taco Bell, Wal-Mart, GameStop, Big Lots, McDonald’s, Bojangles, Panera Bread, KFC, Applebee’s, Red Lobster, Cracker Barrell, Sherwin Williams, AutoZone, Publix, Lowe’s, Hobby Lobby, ALDI, Dunkin’ Donuts, Starbucks, Wendy’s, Circle-K, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.

Highlights

• Brand New 2022 Construction (New Prototype)
• 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
• Traffic Counts Exceed 24,000 Vehicles Per Day
• Directly Across from Publix & Lowe’s Anchored Shopping Center
• Excellent Visibility & Frontage Along Turnersburg Hwy - The Major Thoroughfare Going from Statesville to Downtown Charlotte
• Average Household Income Exceeds $73,000 (5-Mile Radius)

Documents

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