Brand New Popeyes 20-Yr Abs NNN 11858 University City Boulevard, Charlotte, NC Cap Rate 5.25% Charlotte ( North Carolina, US ) Built

$2,476,190 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,400 sq. ft.
  • Development Level: Built
  • Lot Size: 1.1 acres
  • Year Built: 2021

Description

Brand New Popeyes 20-Yr Abs NNN 11858 University City Boulevard, Charlotte, NC Cap Rate 5.25%


NOI: $130,000
Building Size: 2,400 sqft
Lot Area: 1.1 acres
Lease Type: Absolute Net
Occupancy: 100%
Tenancy: Single
Year Built: 2021
Investment Strategy: Core
Lease Expire Year: 02/28/2041

DESCRIPTION
The subject property is a newly constructed Popeyes drive-thru located in Charlotte, North Carolina. The brand new 20-year absolute NNN lease includes 1.5% annual rent increases in the primary term and throughout the (4) 5-year option periods. The property is strategically located adjacent to the University of North Carolina at Charlotte (29,000 Students) in a dense retail trade area on the “Going Home” side of the street. The property benefits from its convenient access right off the Interstate-485 (88,000 VPD) at University City Boulevard (35,000 VPD). Additionally, within 5-miles of the subject property there are 130,000 residents with an average household income exceeding $90,000 annually. The Charlotte population has been rapidly growing and is expected to grow another 9.0% over the next 5-years.

National retailers in the immediate vicinity include Dunkin’ Donuts, BB&T, Arby’s, Circle-K, Family Dollar, Wendy’s, Planet Fitness, 7-Eleven, Goodwill, Speedway, Target, Food Lion, Caliber Collision, NAPA Auto Parts, Harris Teeter, QuikTrip, SunTrust, O’Reilly, Sonic, AutoZone, Pepsi, Wells Fargo, Walgreens, Publix, CVS Pharmacy, Bojangles, Gold’s Gym, Pizza Hut, Home Depot, 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 2021 Construction (New Prototype Location)
• 20-Year Absolute NNN Lease with 1.5% Annual Rent Increases
• Traffic Counts Exceed 35,000 Vehicles Per Day on University City Boulevard & 88,000 Vehicles Per Day on the I-485 Loop
• Adjacent to University of North Carolina at Charlotte (29,000 Students)
• 130,000 Residents within 5-Miles of Subject Property
• Average Household Income Exceeds $90,000
• 9.0% Expected Population Growth Over the Next 5-Years

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#441606237
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Information is deemed to be correct but not guaranteed.