Outback Steakhouse Absolute NNN Leased Offering 16400 Northcross Drive, Huntersville, NC Huntersville ( North Carolina, US ) Built

$3,708,855 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 6,624 sq. ft.
  • Development Level: Built
  • Year Built: 2018

Description

Outback Steakhouse Absolute NNN Leased Offering 16400 Northcross Drive, Huntersville, NC

Cap Rate: 5.5%
NOI: $203,987
Building Size: 6,624 sqft
Lease Type: Absolute Net
Year Last Renovated: 2018

DESCRIPTION
This is the opportunity to purchase a long term NNN leased Outback Steakhouse in Huntersville (Charlotte), NC. The tenant has over 11 years remaining on the initial term and there are no landlord obligations. There are annual 1% increases in rent and four, 5 year options to renew beyond the initial term. The lease is guaranteed by a strong an experienced operator of nearly 1,000 restaurants in the United States.

The asset benefits from its location off I-77 which boast high traffic counts of 89,500 VPD. The asset is located in a very dense retail corridor and neighboring retailers include, Target, Lowe’s, Home Depot, Whole Foods, CVS, Walgreens, Longhorn, Panera Bread, Chili’s, Chipotle, McDonald’s, Chick-fil-A, Starbucks, Bojangles, and many others. The site is approximately 20 minutes from Downtown Charlotte and just 10 minutes from Davidson College.

HIGHLIGHTS
• Long Term Absolute NNN Leased Offering
• Zero Landlord Obligations
• Experienced Operator | Outback Steakhouse Inc. With Nearly 1,000 Units In U.s.
• Only 0.6 Miles Off Exit 25 On I-77 - Heavily Trafficked Location 89,500 Vpd
• Annual 1% Increases In Rent
• Nearby Retailers Include Target, Lowe’s, Home Depot, Whole Foods, CVS, Walgreens, Panera Bread, Chili’s, Chipotle And More

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

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Information is deemed to be correct but not guaranteed.