6408-6438 W Wilkinson Blvd - Retail FOR SALE


Belmont, NC 28012
$3,747,000 USD
980-498-3293
6408-6438 W Wilkinson Blvd, Belmont, NC for Sale
$3,747,000 USD
Retail - FOR SALE
1/5
null | 4.75% Cap Rate

6408-6438 W Wilkinson Blvd
Belmont, NC 28012


HIGHLIGHTS

  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
  • LOCATED IN DENSE AND AFFLUENT RETAIL TRADE AREA

OVERVIEW

CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - Chipotle has a market cap of $82B (NYSE: CMG) with over 3,750+ locations across the country - Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane LOCATED IN DENSE AND AFFLUENT RETAIL TRADE AREA - Within a 1-mile radius of the subject site is more than 1.2M SF of retail space and AHHI exceeds $110K - This space boasts a vacancy rate of 0.1% - Nearby national retailers include: ALDI, Lowe’s Home Improvement, Walmart Supercenter, Roses, Big Lots, and more HIGH VISIBILITY AND TRAFFIC - Located on Wilkinson Blvd (US-74) with 16K+ VPD | Immediate access to I-85 (105K+ VPD) - Strong exposure to both local and regional commuters - Within a 3-mile radius of the site are more than 35K people and in a 5-mile radius over 85K people CLOSE PROXIMITY TO MARKET DRIVERS - Across the street from the site is Belmont Abbey College which has over 1,600 students and 527 full time employees - Located 1.4 miles west of the site is Stuart W Cramer High School with over 950+ students | Local student population count provides a built-in customer base CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY - Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage) - Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022) - 5th fastest growing city from 2021 to 2022 (population change 15,217) STRONG LEASE FUNDAMENTALS - 15 Year Abs. NNN Lease with zero landlord responsibilities - Four (4) five (5) year extensions remaining - 10% increases every 5 years in base rent and in option periods

FOR SALE DETAILS

PRICE

$3,747,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

H-C

APN/PARCEL ID

125066

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.