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McDonald's 3961 Village Ctr S 4,469 SF 100% Leased Retail Building Sherrills Ford, NC 28673 $2,950,771 CAD ($660.28 CAD/SF) 3.75% Cap Rate
INVESTMENT HIGHLIGHTS
- STRONG LEASE FUNDAMENTALS
- FRONTING MAJOR RETAIL CORRIDOR
- AFFLUENT LAKE MARKET
EXECUTIVE SUMMARY
CORPORATE GUARANTEE FROM STRONG CREDIT TENANT
- McDonald’s has over 40,000 locations worldwide
- S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD)
- Over $23B 2022 Revenue
INVESTMENT HIGHLIGHTS FRONTING MAJOR RETAIL CORRIDOR
- Site fronts NC-150 (13,500 VPD), within a 1-mile radius of the McDonalds there is more than 175K SF of retail space boasting an overall vacancy rate of 0%
- Nearby National Retailers Include: Publix Super Market, Jersey Mike’s, Starbucks, and more
THE VILLAGES AT SHERRILLS FORD
- Site is located within the Villages at Sherrills Ford
- This 206-acre development boasts more than 6,000 residential lots and a large mix of retail, residential, and medical space
- With over 500k SF of commercial space this community is set to add over $100 million dollars in economic impact to the surrounding area
STRONG LEASE FUNDAMENTALS
- 10% rent increases every 5 years during current term term & options periods
- Absolute NNN Ground lease
- Eight (8) five (5) year option periods
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
AFFLUENT LAKE MARKET
- Surrounding the site within a 1-mile radius the AHHI exceeds $125,000
- In a 5-mile radius there are more than 33K potential customers with an AHHI greater than $160,000
- McDonald’s has over 40,000 locations worldwide
- S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD)
- Over $23B 2022 Revenue
INVESTMENT HIGHLIGHTS FRONTING MAJOR RETAIL CORRIDOR
- Site fronts NC-150 (13,500 VPD), within a 1-mile radius of the McDonalds there is more than 175K SF of retail space boasting an overall vacancy rate of 0%
- Nearby National Retailers Include: Publix Super Market, Jersey Mike’s, Starbucks, and more
THE VILLAGES AT SHERRILLS FORD
- Site is located within the Villages at Sherrills Ford
- This 206-acre development boasts more than 6,000 residential lots and a large mix of retail, residential, and medical space
- With over 500k SF of commercial space this community is set to add over $100 million dollars in economic impact to the surrounding area
STRONG LEASE FUNDAMENTALS
- 10% rent increases every 5 years during current term term & options periods
- Absolute NNN Ground lease
- Eight (8) five (5) year option periods
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000
- From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents
- Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally
- Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030
AFFLUENT LAKE MARKET
- Surrounding the site within a 1-mile radius the AHHI exceeds $125,000
- In a 5-mile radius there are more than 33K potential customers with an AHHI greater than $160,000
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
4,469 SF
Building Class
C
Year Built
2024
Price
$2,950,771 CAD
Price Per SF
$660.28 CAD
Cap Rate
3.75%
NOI
$110,671 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
2.24 AC
Zoning
PD-CD - Planned Development
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- McDonald's
- Retailer
- 4,469 SF
- -
- Mar 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| McDonald's | Retailer | 4,469 SF | - | Mar 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4607169354530000 | Improvements Assessment | $2,657,441 CAD |
| Land Assessment | $1,742,022 CAD | Total Assessment | $4,399,464 CAD |
PROPERTY TAXES
Parcel Number
4607169354530000
Land Assessment
$1,742,022 CAD
Improvements Assessment
$2,657,441 CAD
Total Assessment
$4,399,464 CAD
CONTACTS
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Connor Kuchman -
Ben McCarter -
Atlantic Capital Partners
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McDonald's | 3961 Village Ctr S
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