Overview

Description

The subject property is a newly constructed Hwy 55 Burgers, Shakes & Fries drive-thru located in Locust (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 in a dense retail trade area across the street from a Wal-Mart Supercenter. The site benefits from its excellent access and visibility along the most heavily trafficked thoroughfare in Locust (W Main Street), which boasts over 23,000 vehicles per day. W Main Street is the major thoroughfare going from Locust to downtown Charlotte. The average household income exceeds $93,000 in a 5-mile radius and $100,000 in a 10-mile radius.

National retailers in the immediate vicinity include Verizon, Dollar Tree, McDonalds, Arby’s, Great Clips, Bojangles, Taco Bell, Dunkin’ Donuts, Food Lion, Dairy Queen, Dollar General, CVS Pharmacy, Wendy’s, Burger King, KFC, Murphy Express, Family Dollar, Hardee’s, O’Reilly Auto Parts, Wells Fargo, Pizza Hut, Advance Auto Parts, 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 2023 Construction (New Prototype)
• 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
• Excellent Visibility & Frontage Along W Main Street - The Major Thoroughfare Going from Locust to Downtown Charlotte
• Traffic Counts Exceed 23,000 Vehicles Per Day
• Average Household Income Exceeds $93,000 (5-Mile Radius)
• Huge Population Growth Over Next 5-Years (Charlotte is the Most Populated & Fastest Growing Metro in the State)

Documents

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