8304 Kenbrooke Dr - Freestanding FOR SALE


Charlotte, NC 28262
$3,077,000 USD
714-393-2552
8304 Kenbrooke Dr, Charlotte, NC for Sale
$3,077,000 USD
Freestanding - FOR SALE
1/9
null | 6.5% Cap Rate

8304 Kenbrooke Dr
Charlotte, NC 28262


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases |Options To Extend | Well-Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Wells Fargo CIC Campus (10,000 Employees) | State Highway 24 |University of North Carolina (30,500 Students)
  • Dense Retail Corridor | Shoppes at University Plaza (650,000 SF) |Multiple Nearby Apartment Complexes | National/Credit Tenants
  • Strong Demographics in 5-Mile Trade Area | Charlotte MSA

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Red Robin investment property located in Charlotte, North Carolina. The tenant has over 13 years of firm term remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1969, there are now more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

FOR SALE DETAILS

PRICE

$3,077,000 USD

PRICE/SF

$482 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

MUDD-O

APN/PARCEL ID

047-131-84

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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