Investment Highlights

NEW 25-YEAR GUARANTEED NNN GROUND LEASE
» New 25-year NNN ground lease to Texas Roadhouse, Inc.’s new fast casual drive-thru concept
» 10% rental increases during the initial term and option periods, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» New 2022 construction featuring large 4,100-SF building with dual-lane drive-thru

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED NORTH CAROLINA RETAIL CORRIDOR
» Visibility and access to 47,000 vehicles per day in front of the property on State Route 53/Western Boulevard
» Beneficial proximity to highly trafficked Jacksonville thoroughfares, including U.S. Route 17/North Marine Boulevard (31,000 AADT)
» Population of 78,290 within a five-mile radius of the location, creating a large and reliable customer base for the site
» Surrounded by high-density, single-family housing developments, and large townhouse complexes
» $78,008 average annual household income (projected 17% increase within the next five years)

CENTRAL LOCATION NEAR LARGE TRAFFIC DRIVERS
» Located in Jacksonville’s primary retail corridor
» Less than one mile from Cross Pointe Centre, a power center featuring a strong mix of well-known tenants, including Marshalls, Old Navy, Michaels, Ashley Furniture, Pet Warehouse, and more
» One mile from Coastal Carolina Community College, which has 4,030 students and 588 employees
» 1.5 miles from Onslow Memorial Hospital (162 beds, 1,250 employees)
» Beneficial proximity to shopping centers tenanted by major national retailers such as Target, Lowe’s, PetSmart, Burlington, Bed Bath & Beyond, Kohl’s, and several more

Property Description

SOLD

» Jaggers is located along State Route 53/Western Boulevard, with access to 47,000 vehicles per day in front of the property
» The location has beneficial proximity to highly trafficked Jacksonville thoroughfares, including U.S. Route 17/North Marine Boulevard (31,000 AADT)
» Prime location with visibility increased by the site’s centralized location near large North Carolina schools, employers, and community hubs
» The property is centrally located near large shopping centers tenanted by major national retailers such as Target, Lowe’s, PetSmart, Burlington, Bed Bath & Beyond, and Kohl’s and is less than one mile from Cross Pointe Centre, a power center featuring a strong mix of well-known tenants, including Marshalls, Old Navy, Michaels, Ashley Furniture, Pet Warehouse, and more
» The site benefits from its location one mile from Coastal Carolina Community College (4,030 students, 588 employees) and 1.5 miles from Onslow Memorial Hospital (162 beds, 1,250 employees)
» The location is supported by 78,290 residents within a five-mile radius and greatly benefits from the surrounding high-density, single, and multi-family housing developments
» $78,008 average annual household income within one mile and is projected to increase 17 percent by 2027, which poises this Jaggers location and Jacksonville for significant concurrent growth