www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31226735
31226734

1001 Aspinal St, Waxhaw, NC 28173 For Sale

RT
FL FL SL3442474
Marcus & Millichap
NB
FL FLSL3604340
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap
$2,848,000
122 days on market
Updated 122 days ago

Arby's - Waxhaw, NC

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,400
Net Rentable (SqFt) 2,400
Units 1
Cap Rate 5.75%
NOI $163,800
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type NNN
Lease Term 20
Lease Expiration 06/24/2041
Remaining Term 14.9
Rent Bumps Yes
Price per SqFt $1,187
Broker Co-Op Yes
Year Built 2021
Buildings 1
Acreage 1.180
Investment Type Net Lease
Lease Commencement 06/24/2021
Ground Lease No
Ownership Fee Simple

Retail | 5.75% CAP | 2,400 SqFt

Marketing description

See OM for details

Investment highlights

Lease

  • 15+ years left on the base term

  • NNN – no landlord responsibilities

  • Attractive 5% rental increases every 5 years

Charlotte MSA

  • The property is in Waxhaw, a rapidly growing suburb within the Charlotte, North Carolina MSA, one of the fastest-growing metro areas in the Southeast.

  • The Charlotte MSA is a major financial and economic hub anchored by Fortune 500 companies, a strong employment base, and consistent population growth.

Brumit Restaurant Group

  • Founded in 1988 by Joe Brumit, Brumit Restaurant Group has developed a decades-long track record of successful restaurant ownership and operations across the Southeast.

  • 63+ locations across North Carolina, South Carolina, and Tennessee

  • Brumit Restaurant Group is an established major multi-unit franchise operator in the region

Proximity To Prescott Village

  • The property is located approximately 0.2 miles from Prescot Village, a 100- acre mixed-use development featuring a 175-unit townhome community and an 83,000 sf neighborhood shopping center anchored by Lowes Foods

  • Phase I of the development was completed in February 2026, with Phase II expected to begin later this year, further expanding retail and residential growth in the immediate trade area

Listing Contacts

RT
FL FL SL3442474
Marcus & Millichap
NB
FL FLSL3604340
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,800.00
$13,650.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Charles Gallagher
License
NC 351471
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591