FAST GROWING BRAND WITH EXPERIENCED OPERATOR
- Dave’s Hot Chicken currently has over 199 locations, and was awarded America’s Fastest Growing Restaurant Chain in 2023 (Technomic)
- Systemwide sales increased 156% from 2021 to 2022
- Multi-Unit operator that operates both Jersey Mikes and Dave’s Hot Chicken
ATTRACTIVE LEASE FUNDAMENTALS WITH ANNUAL RENT INCREASES
- Fifteen year ground lease provides next owner with zero landlord responsibilities
- 2.5% annual rent increases throughout the initial term and option periods
CHARLOTTE MSA TAILWINDS
- Charlotte MSA has added more than 135K people from 2020 to 2023, making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
HIGH VISIBILITY IN MAJOR RETAIL CORRIDOR
- More than 32K cars travel Chery Rd a day
- Approximately 0.6 miles to I-77 (71.9K VPD)
- Over 1.7MSF of retail located in 1-mile radius with 18K of absorption in past 12 months, with 1.0% vacancy rate
- Nearby National Tenant’s include: Publix, Chick-Fil-A, Aldi, and McDonald’s
EASILY ACCESSIBLE LOCATION
- Ingress and egress on Cherry Rd (32K VPD)
- Cross-access with Aldi shopping center, providing access to Anderson Rd (20K VPD) which feeds into a signalized intersection on
Cherry Rd
RECENTLY RENOVATED BUILDING
- Recently Renovated Building
- Existing QSR that has been renovated and retrofitted to suit the Tenant’s newest prototype
- Existing drive through