Vacant Restaurant

9550 E Independence Blvd

Matthews, NC

Vacant Restaurant

offering
memorandum

place offer

Property Details

available

Lease Term

Net Operating Income

Year Built

1994

Lot Size

0.93 AC

Building Size

3,240

SQ FT

Lease Structure

Absolute NNN Ground Lease

Investment Details

For Sale or For Lease

Vacant Restaurant. Versatile Restaurant Building with Drive Thru Potential, boasting nearly 70,000VPD of combined traffic at the Hard Signalized Corner Location of Independence Blvd and Sam Newell Rd, Over 500 Feet of frontage with nearly 300 Feet of Frontage and Ingress/Egress access points to Independence Blvd. For Lease Rate $50/Sf | $162,000

Efficient 3,240SF Restaurant Layout on 0.93AC Parcel

• The property has the potential to add a Drive Thru

• Hard corner location of E Independence Rd & Sam Newell Rd

• Ease of entry from Independence Blvd with right-hand turn lane and direct access.

• High Visibility location with 284 feet of frontage on Independence Blvd & 224 feet on Sam Newell Rd Frontage

• Premium location evidenced by McDonald’s and Chick-Fil-A in the vicinity who historically only permit Grade A locations.

• Tight Market with Limited Vacancies within the Independence Blvd Retail Corridor

• Join other anchor retailers within the Independence Blvd Corridor such as: Target, Costco, Home Depot, Lowes, Kohl’s, Harris Teeter

Asking Price

$1,999,999

cap rate

%

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