1116 Browns Hill Rd
Locust (Outside Charlotte), NC 28097

Hwy 55 Drive-Thru

Offering Summary
Price $3,169,090 Cap Rate 5.50%
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