Statesville, NC - Ray Ray's Chicken Shack

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased investment property located in Statesville, North Carolina. The tenant recently executed a brand new 5-year lease with one (1) additional 5-year renewal option, providing stable in-place income with extension potential. The lease features scheduled 2% annual rental increases throughout the primary term and option period, steadily growing NOI and providing a hedge against inflation. The tenant is responsible for insurance, utilities, and all maintenance and repairs to the premises, while real estate taxes are fully reimbursed to the landlord, resulting in minimal landlord responsibilities. Constructed in 2022, the property features high-quality materials, modern finishes, and drive-thru infrastructure.

The property features direct frontage along Turnersburg Highway / US Highway 21 (32,000 VPD), the primary north-south commercial corridor serving north Statesville, and is located minutes from the Interstate 40 (60,500 VPD) and Interstate 77 (63,500 VPD) interchange. The site is positioned within a dense retail node alongside national retailers including Harbor Freight, O’Reilly Auto Parts, and Lowe’s. Additional nearby retail destinations include Publix-anchored (1.6M annual visits), The Home Depot-anchored (1.7M annual visits), and Walmart Supercenter-anchored (2.5M annual visits) centers, generating significant consumer traffic and supporting cross-shopping at the subject property. Statesville is located within the Charlotte MSA, one of the fastest-growing metropolitan areas in the United States, providing access to a dynamic and expanding regional market.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003Jv8vYAC