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Chipotle & McAlister's 1315 E Dixon Blvd 6,500 SF 100% Leased Retail Building Shelby, NC 28152 $6,486,950 CAD ($997.99 CAD/SF) 6.25% Cap Rate
Investment Highlights
- IMMEDIATE MARKET DRIVERS
- STRONG CREDIT TENANTS
- NEW CONSTRUCTION
Executive Summary
- Chipotle has signed a new 10 year lease, with a corporate guarantee, and McAlisters signed a new 15 year lease
- Both leases include 10% rent increases every 5 years
- The two leases are Triple Net (NNN) with minimal LL responsibility
STRONG CREDIT TENANTS
- Chipotle is backed by Chipotle Corporate (market cap of over $74B)
- McAlister’s is backed by one of the largest Franchisee in the System
DENSE RETAIL NODE
- This site is located within a dense retail node just west of Charlotte, NC
- Within a 1-mile radius of the site is more than 1.4M SF of retail space
- Nearby National Retailers include: Walmart Supercenter, Lowe’s Home Improvement, ALDI, Tractor Supply Co, Ingles and more
POSITIONED OFF OF BUSY COMMUTER ROUTE
- Site is located off of E Dixon Blvd (36K VPD) and along a dense retail corridor
- The site benefits from multiple points of egress and ingress and a designated left turn lane into the site
IMMEDIATE MARKET DRIVERS
- Located less than half a mile from the site is Shelby High School which has more than 1,400 students enrolled
- The school employs more than 200 people and has a significant impact on the surrounding area
NEW CONSTRUCTION
- Constructed to meet tenant needs, the building includes a drive through lane for McAlisters
- New construction will provide transferable warranties for the roof & mechanical system to new Owner
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chipotle
- -
- 3,200 SF
- -
- Apr 2036
-
- Accommodation and Food Services
- 3,300 SF
- -
- Sep 2039
Il y a près de trente ans, un dentiste d'Oxford, au Mississippi, avait l'intention de transformer un restaurant abandonné sur un plateau de tournage en un petit mais charmant restaurant de quartier et lieu de rassemblement. Cette vision s'est concrétisée lorsque le premier McAlister's a ouvert ses portes en 1989. Le menu à l'époque serait encore familier aujourd'hui, rempli de sandwichs savoureux, de spuds et de salades - et bien sûr, de leur célèbre McAlister's Sweet Tea. Non seulement le menu est resté fidèle à ses racines, mais les valeurs aussi. Aujourd'hui, ils ont des restaurants à travers les États-Unis, la marque demeure dévouée à servir de la bonne nourriture avec une hospitalité authentique. Les clients sont invités à venir pour la nourriture et à rester pour l'expérience. Ils peuvent amener de la famille, rencontrer des voisins, célébrer de grandes victoires avec leurs coéquipiers ou se faire de nouveaux amis qui partagent le même amour pour le thé sucré et les sandwichs — parce que chez McAlister's, la table est toujours la vôtre.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chipotle | - | 3,200 SF | - | Apr 2036 | ||
|
|
Accommodation and Food Services | 3,300 SF | - | Sep 2039 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3,200 SF Endcap Available next to new McAlister’s Deli.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,200 SF | Restaurant | End Cap | Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 3,200 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
3,200 SF Endcap Available next to new McAlister’s Deli.
Nearby Major Retailers
Property Taxes
| Parcel Number | 26662 | Improvements Assessment | $1,043,394 CAD |
| Land Assessment | $834,348 CAD | Total Assessment | $1,877,742 CAD |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
Chipotle & McAlister's | 1315 E Dixon Blvd
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