Listed by B+E
$1,366,000
Floyd & Blackie's | New 10-Year NNN Lease | Charlotte MSA
Details
Property Type Retail
Sub Type Restaurant, Casual dining
Square Footage 4,386
Cap Rate 7.25%
NOI $99,000
Occupancy 100%
Tenancy Single
Lease Term 12.3
Lease Expiration 12/31/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options 1; 5-Year
Price per SqFt $311
Acreage 0.260
Investment Type Net Lease
Lease Commencement 09/01/2023
Ground Lease No
Floyd & Blackie's | New 10-Year NNN Lease
Marketing description
Exclusively Listed By:
Carson Jeremiah | Associate Director | 469.949.7540 | cjeremiah@tradenetlease. com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease. com
Investment highlights
- BRAND NEW 10-YEAR TERM | NNN LEASE | 3% ANNUAL ESCALATIONS
- WELL-KNOWN LOCAL TENANT | 14-YEAR OPERATING HISTORY
- HEALTHY RENT-TO-SALES RATIO
- CHARLOTTE MSA
- AMPLE PARKING | 48 SPACES
- CENTRALLY LOCATED IN CRAMERTON | ADJACENT TO GOAT ISLAND PARK
- RECENT MAJOR RENOVATIONS | NEW FLOOR COVERINGS & PARKING LOT
- CENTER STREET SOCIAL DISTRICT
- OPPORTUNITY ZONE | CENSUS TRACT 322
- AFFLUENT & STRONG GROWTH DEMOGRAPHICS
- ACCESS TO DOWNTOWN CHARLOTTE & OUTER SUBURBS
Listing Contacts
Listed by B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,000.00
$8,250.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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