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