Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
» Leased to RTM Restaurant Group, a corporate-backed entity and the largest operator of Arby’s restaurants, with more than 780 franchised stores
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor

HIGH-TRAFFIC LOCATION AT ENTRANCE TO MASTER-PLANNED COMMUNITY
» Just off of the signalized intersection of Ardrey Kell Road and Providence Road, which experiences a high traffic count of 68,000 vehicles per day
» Immediate access to Interstate 485, Charlotte’s beltway, with 85,000 vehicles per day near the property
» Strategically located at the entrance to Rea Farms, a 188-acre master planned community with 115,000 square feet of retail space, 500,000 square feet of office space, 500 apartments, 200 single-family homes, a senior living center, a Hyatt House hotel, and a K-8 public school
» Less than one block from Waverly, a 90-acre master planned community with 250,000 square feet of retail space, two six-story Class A office buildings, two 60,000-square-foot medical office buildings, 375 upscale multifamily apartment homes, and 150 single-family and townhomes

RAPIDLY GROWING CUSTOMER BASE WITH HIGHLY AFFLUENT DEMOGRAPHICS
» Average household income of $181,624 within one mile of the property, with average household incomes within three- and five-mile radii exceeding $140,000
» Between 2010 and 2018, the population within a one-mile radius of the property grew 36%, and the population within the same area is expected to grow an additional 32% by 2023
» Large customer base, with a population of 58,326 within three miles and 162,482 within five miles of the property

Property Description

SOLD
The property is just off of the signalized intersection of Ardrey Kell Road and Providence Road, which experiences a high traffic count of 68,000 vehicles per day. Providence Road provides immediate access to Interstate 485, Charlotte’s beltway, with 85,000 vehicles per day near the property. The property is strategically located at the entrance to Rea Farms, a 188-acre master planned community with 115,000 square feet of retail space, 500,000 square feet of office space, 500 apartments, 200 single-family homes, a senior living center, a Hyatt House hotel, and a K-8 public school. Additionally, the property is less than one block from Waverly, a 90-acre master planned community with 250,000 square feet of retail space, two six-story Class A office buildings, two 60,000-square-foot medical office buildings, 375 upscale multifamily apartment homes, and 150 single-family and townhomes. Notable tenants near the property include Whole Foods, Harris Teeter, Lifetime Fitness, Chick-fil-A, CVS, Hilton Garden Inn, and more.

The property is supported by an extremely strong customer base with robust demographics. The average household income within one mile of the property is $181,624, and average household incomes within three- and five-mile radii exceed $140,000. Additionally, the property is in an extremely high-growth area. Between 2010 and 2018, the population within a one-mile radius of the property grew 36%, and the population within the same area is expected to grow an additional 32% by 2023. This growth adds to the area’s already large customer base, with a population of 58,326 within three miles and 162,482 within five miles of the property.