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4824 Berewick Town Center Dr
Charlotte, NC 28278 Dixie-Berryhill

$2,330,699

Restaurant For Sale  •  3,874 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 3,874 Sq Ft
  • Lot Size 0.81 ac
  • Building Class B
  • Year Built 2018
  • Cap Rate 6.15 %
25 Transit Score
38 Walk Score

Description

INVESTMENT HIGHLIGHTS:
±9 years remaining on an absolute triple-net lease – zero landlord responsibilities
Attractive 10% rental increase in year 6 of the initial term and in each of the two 5-year options
Emerging brand in Fuzzy’s which has over 180 locations nationwide and plans to continue the expansion in key growth markets
Full-term personally guaranty from the principal operator who is a seasoned multi-brand operator – see broker for details
2018 construction and one of many attractive pieces to a best-in-class shopping center anchored by Harris Teeter – Berewick Town Center
Walking distance to the Charlotte Premium Outlets which has over 100 successful retailers such as Nike, Under Armour and J Crew
Fuzzy’s is situated at the main entrance to Berewick Town Center which is a state of the art master planned community with 2,000+ townhomes and single family homes, 500+ apartments, a 130 room hotel and a 16,000 square foot medical office
Massive population growth of over 50% since 2000 and expected population growth of over 15% over the next 5 years in the 1, 3 and 5-mile
Strong access and visibility to over 33,000 cars per day on Steel Creek Road and over 17,000 cars per day on Shopton Road
±8 miles from Charlotte Douglas Airport which has over 700 daily flights
±9 miles from downtown Charlotte which is the 17th largest city in the country, the largest city in the state of North Carolina and the 2nd largest banking center in the U.S.
Highly affluent surrounding neighborhoods, with average household income of over $100,000 in the 1, 3 and 5-mile
Close proximity to the proposed River District Development: a ±1,400 acres, mixed-use, master-planned community that will feature 5MM SF of retail, 8MM SF of office space, 2,300 homes, 2,350 multifamily units, 1,000 hotel rooms, 200 assisted living units, and 75 acres worth of civic uses
Cap Rate: 6.15 %

Major Tenants

Tenant SF Occupied Lease End Date
Fuzzy's Taco Shop 3,874 SF

Public Transportation

AirportDriveWalkDistance
Charlotte Douglas International Airport 14 min - 5.8 mi
Calvin Short 949-432-4506 Matthews Real Estate Investment Services
Calvin Short 949-432-4506 Matthews Real Estate Investment Services