Shops at Cherry Rd 2320 Cherry Rd

Investment Highlights

Attractive Lease Fundametals Highly Visible on Major Retail Corridor Charlotte MSA

Executive Summary

Attractive Lease Fundamentals - All newly signed leases provide 11.2 years of WALT for long term stability for the next investor - Each lease is structured NNN, providing minimal landlord responsibilityBrand Name Tenant Mix - The center includes Deca Dental (200 locations), First Watch (600 locations), Panda Express (2,200 locations) and Tropical Smoothie Cafe (1,235 locations)Charlotte MSA Tailwinds - Charlotte MSA has added more than 135K people form 2020 to 2023, making it the 5th fastest growing city in the Country - Charlotte forecasts a 45.2% job growth over the next 10 yearsHigh Visibility in Major Retail Corridor - More than 32K cars travel Cherry Rd a day - Approximately 0.6 miles to I-77 (71.9K VPD) - Over 1.7MSF of retail located in a 1-mile radius with 1Easily Accessible Location - Cross access with adjacent center?s parking lot providing three points of ingress and egress, two on Cherry Rd and one on Anderson Rd (20K VPD) - Site is located on the corner of a lighted intersection of Cherry RdNew Construction - New construction will limit next owner?s risk to capital repairs during the hold period - Transferable warranties in place

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    9,543
• Year Built    2024
• Price    6,367,000
• Price Per SF    667
• Cap Rate    6.15
• NOI    391,575
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    3.63 AC