DEALS

Deals

Bonefish Grill – Matthews, NC

THE OPPORTUNITY

  • 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

THE HIGHLIGHTS

  • 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

THE DEAL POINTS

  • Square Feet: 4,965 SF
  • Asking Cap Rate: 4.75%
  • Asking Price: $3,158,000
  • Year Built: 2021/2022
  • NOI: $150,000
  • Lease Structure: Ground Lease

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