NNN Taco Bell Restaurant
121 Supercenter Drive | Calera, AL
Sq. Feet 28,314
On behalf of ownership, Marcus & Millichap is pleased to exclusively offer for sale this ground leased McDonald’s in the Charlotte Suburb of Star¬mount, North Carolina.
McDonald’s operated on the opposing corner of this intersection since 1991; over 20 years. Most recently, the tenant elected to relocate and enter into a new lease at a much stronger corner just yards away. The relocation is a clear indication of the tenant’s long-term commitment to this market. The new site will feature the tenant’s newest prototype with a double-drive through as well as superior access as it’s now on the side of the street most convenient to commuters driving into work.
The new site also benefits from excellent visibility to the more than 50,000 cars that pass this intersection daily and a right in/out access point off of South Boulevard, which the tenant lacked in its previous location due to the light rail tracks. Investors should note that the commuter light rail station is ¼ mile south of this site; a major source of customer traffic for McDonald’s.
Cap Rate: 4.26% NOI: $115,000 Livable Sq. Ft: 4,446
Built in 2016 1 Retail units Lot Sq. Ft: 51,400