717 york road | kings mountain, nc | charlotte msa · • access to high volume interstate traffic:...

1
INVESTMENT HIGHLIGHTS INVESTMENT SUMMARY List Price: NOI: Cap Rate: Lease Type: Primary Lease Term: Options: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase. A division of $1,904,762 $100,000 5.25% NNN 10 Years 4 - (5) Years VIEW OFFERING MEMORANDUM 717 YORK ROAD | KINGS MOUNTAIN, NC | CHARLOTTE MSA Peter Couchell Managing Director/Shareholder 864 678 5923 [email protected] Robert Schmidt Vice President 864 678 5995 [email protected] Green Tree Green Tree Apartments Apartments ±12,500 VPD York Rd York Rd SITE ±59,000 VPD STARBUCKS | NEW 10-YEAR LEASE Under Construction Brand New 10 Year Lease : Estimated rent commencement date Q3 2020 Access to High Volume Interstate Traffic : Located directly on I-85 only 30 minutes south of Downtown Charlotte High Quality Construction : Complete renovation with high end finishes, large covered patio, and excellent parking ratio Corporate Starbucks Lease : Over 30,000 locations in 78 countries with corporate revenues in excess of $24 billion (NASDAQ: SBUX) Investment Grade Tenant: S&P Rating BBB+ Booming Greater Market: Charlotte is the 16th largest city in the US New Casino: The Catawba Nation tribe of South Carolina has just broke ground on the construction of a new casino that will cost nearly $300 million. The Casino is located on Dixon School Rd just off I-85, only one exit from the subject property.

Upload: others

Post on 17-Aug-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: 717 YORK ROAD | KINGS MOUNTAIN, NC | CHARLOTTE MSA · • Access to High Volume Interstate Traffic: Located directly on I-85 only 30 minutes south of Downtown Charlotte • High Quality

INVESTMENT HIGHLIGHTS

INVESTMENT SUMMARYList Price:NOI:Cap Rate:Lease Type:Primary Lease Term:Options:

The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase.

A division of

$1,904,762$100,000

5.25%NNN

10 Years4 - (5) Years

V IEWOFFERING

MEMORANDUM

717 YORK ROAD | KINGS MOUNTAIN, NC | CHARLOTTE MSA

Peter CouchellManaging Director/Shareholder864 678 5923 [email protected]

Robert SchmidtVice President864 678 5995 [email protected]

Green Tree Green Tree ApartmentsApartments

±12,500 VPD

Yo

rk R

dY

ork

Rd

SITE ±59,000 VPD

STARBUCKS | NEW 10-YEAR LEASE

Under Construction

• Brand New 10 Year Lease: Estimated rentcommencement date Q3 2020

• Access to High Volume Interstate Traffic:Located directly on I-85 only 30 minutes southof Downtown Charlotte

• High Quality Construction: Completerenovation with high end finishes, large coveredpatio, and excellent parking ratio

• Corporate Starbucks Lease: Over 30,000locations in 78 countries with corporaterevenues in excess of $24 bil l ion (NASDAQ:SBUX)

• Investment Grade Tenant: S&P Rating BBB+• Booming Greater Market: Charlotte is the

16th largest city in the US• New Casino: The Catawba Nation tribe of

South Carolina has just broke ground on theconstruction of a new casino that wil l costnearly $300 mil l ion. The Casino is located onDixon School Rd just off I-85, only one exitfrom the subject property.