Overview

Description

• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features scheduled rental increases throughout the initial term and each option to extend, increasing NOI and hedging against inflation
• Brand new construction which features high quality materials, latest design elements, and state-of-the-art features

• The asset is strategically positioned at the signalized, hard corner intersection of Raleigh Road Pkwy and Hayes Place exceeding 23,500 VPD
• Directly off Interstate 95 (34,500 VPD), providing direct on/off ramp access for travelers
• The asset benefits from significant street sign frontage and multiple points of access, providing ease and convenience for customers
• The Subject property is within walking distance of 6 hotels; Hamton Inn & Suites, Comfort Suites Wilson, Fairfield Inn & Suites by Marriott, Country Inn & Suites by Radison, Microtel Inn & Suites by Wyndham and a Red Roof Inn

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