This property has sold.

Details: Retail

Asking Price: $3,158,000

Square Feet: 4,965 SF

Asking Cap Rate: 4.75%

NOI: $150,000

SOLD – Bonefish Grill

10450 E Independence Blvd, Matthews, NC 28105

Marketing Description

THE ASSET

Absolute Ground Lease

Zero Landlord Responsibilities

Corporate Lease with Bloomin’ Brands

Publicly Traded Company

NASDAQ: BLMN

Bonefish Grill Has Over 200 Locations Nationwide

Initial Term Until 9/30/2032

Relocation Store From Within The Trade Area

10% Rent Escalations Every 5 Years Of Initial Term

4, 5 Year Options

10% Rent Escalations In Every Renewal

 

 

Investment Highlights

PROPERTY FUNDAMENTALS

  • Outparcel to Harris Teeter and Home Depot shopping center
  • Strong Traffic Counts With Over 86,000 Cars Daily
  • E Independence Blvd: 57,084
  • Hwy 51: 29,126
  • Located In Affluent Charlotte Suburb With High Average Household Incomes
  • 3 Mile HHI: $91,767
  • 5 Mile HHI: $99,673
  • New Construction Set To Be Completed in March 2022
  • Located 11 Miles From Downtown Charlotte
  • Population Within 5 Miles Expected To Grow Almost 7% By 2025

This property has sold.