Brand New 10-Year Lease Extension – Mattress Firm in NC
Offering Summary Price: $2,430,000 Cap Rate: 7.03% NOI: $170,707
Property Details Rentable Area: 4,050 SF Land Area: 1.11 AC
INVESTMENT HIGHLIGHTS
• Brand New 10-Year Lease Extension
• Outparceled to Walmart Anchored Shopping Center | Highland Square Shopping Center | Encompassing Over 335,000 SF
• 10% Rental Increases Every 5 Years
• Excellent Location | Near Intersection of Hwy 64 & I-26 | Strong Combined Average Traffic Counts of 93,250+ VPD (Chimney Rock Rd & Andrew Jackson Hwy)
• Large 1.11 Acre Lot Surrounded by Every Major Retailer
• Surrounded by Major Tenants including Sam’s Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin’, Sonic, Zaxby’s, Aspen Dental, Advanced Auto Parts, AutoZone, and many more
• Strong Demographics | Over 60,800 Residents & $72,900+ AHHI in 5 Mile-Radius
