216 Hufman mill Rd - Fast Food FOR SALE


Burlington, NC 27215
$1,846,000 USD
704-697-1900
216 Hufman mill Rd, Burlington, NC for Sale
$1,846,000 USD
Fast Food - FOR SALE
1/5
null | 6.5% Cap Rate

216 Hufman mill Rd
Burlington, NC 27215


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • POSITIONED IN A DENSE RETAIL NODE
  • CLOSE PROXIMITY TO ELON UNIVERSITY

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 11 year lease provides next owner with stable cash flow for the next decade - 10% rental increases in primary term and in option periods - Three (3) five (5) year option periods NAME BRAND TENANT - Caribou Coffee has over 700 locations worldwide - Caribou Coffee is a subsidiary of Panera Brands (parent company of Panera Bread and Einstein Bagels) ADJACENT TO MAJOR LOGISTICS AND COMMUTER INTERSTATE - This 30 mile stretch of interstate is the only time that I-85 and I-40 merge into a single route - Interstate 40/85 has over 126K vehicles per day - Both interstates are considered one of the busiest trucking routes in the nation POSITIONED IN A DENSE RETAIL NODE - Over 2.6M SF of retail space located within a 1-mile radius of the site - Nearby National Retail Tenants Include: Lowe’s Home Improvement, Walmart Supercenter, Publix Supermarket, Academy Sports + Outdoors, Hobby Lobby and more CLOSE PROXIMITY TO ELON UNIVERSITY - Located just 2.5 miles from the center of Elon Universities campus - Elon University has over 7,200 students and more than 500 full-time faculty members - Elon generates an annual economic impact of $696 million dollars supporting over 7,400 jobs ACROSS THE STREET FROM TOP PERFORMING REGIONAL MALL - Located across the street from Holly Mill Mall, a 385K SF Regional Mall - Anchored By Dunham’s Sports and Publix, the Mall hosts over 3.7M visitors annually (Placer.ai), ranking it in the top 87Th percentile of all regional malls in the state and 72nd percentile in the country

FOR SALE DETAILS

PRICE

$1,846,000 USD

PRICE/SF

$1,190 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,401 SF

ZONING

B 2

APN/PARCEL ID

113767

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.