1116 Browns Hill Rd
Locust (Outside Charlotte), NC 28097
Hwy 55 Drive-Thru
| Offering Summary | |||
|---|---|---|---|
| Price | $2,905,000 | Cap Rate | 6.00% |
| NOI | $174,300.00 | Rentable SF | 2,490 SF |
| Lot Size | 1.29 +/- Acres | Year Built | 2023 |
| Lease Type | Absolute NNN | Lease Term | 20 Years |
Investment Highlights
- Brand New 2023 Construction (New Prototype)
- 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
- Excellent Visibility & Frontage Along W Main Street – The Major
Thoroughfare Going from Locust to Downtown Charlotte - Traffic Counts Exceed 23,000 Vehicles Per Day
- Average Household Income Exceeds $93,000 (5-Mile Radius)
- Huge Population Growth Over Next 5-Years (Charlotte is the
Most Populated & Fastest Growing Metro in the State)
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com
Greg LaBarre
Vice President
(619) 997-1242
glabarre@wertzrealestate.com