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Chipotle & Mattress Warehouse 2501 E Franklin Blvd 6,400 SF 100% Leased Retail Building Gastonia, NC 28056 $5,187,205 CAD ($810.50 CAD/SF) 6% Cap Rate
Investment Highlights
- Corporate Guarantees
- High Traffic Counts - 37.5K VPD
- Excellent Demographics
- Long Lease Term - Chipotle expires in 2036
- Signalized Intersection
Executive Summary
Berkeley Capital Advisors is pleased to present the exclusive offering of a 100% occupied, 6,400 SF multi-tenant retail investment anchored by Chipotle Mexican Grill and Mattress Warehouse in Gastonia, NC, offered at $3,787,000 at a 6.00% cap rate. Both tenants operate under corporately guaranteed PRS TICAM leases with a combined WALT of 5.85 years and an average operating history of 10 years at this location, with embedded rent growth through mid-term bumps and option period escalations. The property sits at the signalized intersection of E. Franklin Blvd (37,500 VPD) and backs directly to I-85 (142,000 VPD), just 15 minutes from Charlotte Douglas International Airport and 25 minutes from Uptown Charlotte — positioning it within one of the fastest-growing MSAs in the country, ranked the #1 city for net inbound migration. The surrounding trade area is dense with national retailers, over 40% of the property's customers travel more than 7 miles to visit per Placer.ai, and the 1-mile average household income of $114,604 is well above the national average — all underpinned by significant regional investment momentum including Piedmont Lithium's $988M Carolina Lithium project and the planned $273M Two Kings Casino Resort.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,400 SF
Building Class
B
Year Built/Renovated
1990/2013
Price
$5,187,205 CAD
Price Per SF
$810.50 CAD
Cap Rate
6%
NOI
$311,232 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.87 AC
Zoning
RET03
Parking
40 Spaces (5.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 117805 | Improvements Assessment | $691,130 CAD |
| Land Assessment | $1,584,871 CAD | Total Assessment | $2,276,001 CAD |
Property Taxes
Parcel Number
117805
Land Assessment
$1,584,871 CAD
Improvements Assessment
$691,130 CAD
Total Assessment
$2,276,001 CAD
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Chipotle & Mattress Warehouse | 2501 E Franklin Blvd
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