x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Taco Bell Ground Lease, Concord, NC

Taco Bell Ground Lease

NC, United States

Price $1,440,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2014
Building Size 1,932 SF
Lot Size 0.74 Acres (32,670 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» 20-year NNN ground lease with corporate guarantee
» 10% rental increases every five years, providing a hedge against inflation
» Absolutely no landlord management, providing an ideal investment for an out-of-area investor

HIGH-TRAFFIC LOCATION IN LARGE RETAIL CENTER
» Excellent access and visibility to 25,000 vehicles per day on Concord Parkway South
» Outparcel to large retail center anchored by Walmart Neighborhood Market

CENTRAL CONCORD LOCATION
» Most accessible QSR to Concord Motor Speedway – over 1.5 million yearly visitors and an annual economic impact of more than $400 million
» Close proximity to Concord Mills – one of the largest malls in North Carolina, with approximately 15 million visitors each year
» Within walking distance of Jay M. Robinson High School – Cabarrus County’s largest high school, with 1,372 students
» High average household income of $92,771 within a three-mile radius

HIGH QUALITY CONSTRUCTION
» 2014 construction featuring a dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Built by tenant at tenant’s expense, demonstration long-term commitment to the location

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Concord Parkway South, with excellent access and visibility to 25,000 vehicles per day directly in front of the site. The property is an outparcel to Parkway Commons, a retail center anchored by Walmart Neighborhood Market and featuring notable tenants such as Walgreens, Papa John’s, Murphy Oil, and Zaxby’s. Other neighboring retailers include Food Lion, Rite Aid, and 7-Eleven, among others. Concord Mills is approximately three miles from the property. One of the largest malls in North Carolina, Concord Mills features nearly 1.4 million square feet of retail area and is visited by almost 15 million people each year.

The property is the most accessible quick service restaurant to the Charlotte Motor Speedway complex. The Charlotte Motor Speedway is considered one of the busiest sports venues in the country, with over 380 events per year and over 1,500,000 annual visitors. A major economic driver, the speedway has an annual financial impact of more than $400 million. Additionally, the property is within walking distance of Jay M. Robinson High School, the largest high school in Cabarrus County, with over 1,300 students. Settler’s Landing is also within walking distance of the property. Once completed, the 85-acre master-planned community will feature single-family homes, townhomes, apartments, and commercial development.

Contact Us About This Property

Mike Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link