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US Foods Chef'Store 511 Cross Creek Mall

20,004 SF Retail Building Fayetteville, NC 28303 £5,896,634 (£295/SF) 6.50% Net Initial Yield

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Investment Highlights

New high-quality 2023 construction built to latest CHEF’STORE’s prototype
20-year transferable roof warranty
US Foods (NYSE: USFD) revenue for fiscal year 2023 was $ 35.6B

15-year NNN corporate lease with 10% rental increases every five years
Guaranteed by US Foods, Inc. (NYSE: USFD)

Executive Summary

3.5 miles from Fort Bragg, one of the largest military installations in the world. Located on a dense retail corridor just off the off-ramp of All American Freeway (51,000+ vehicles per day). Strong five-mile population of 151,000+ residents. US Foods (NYSE: USFD) revenue for fiscal year 2023 was $35.6B. In March 2020, US Foods Purchases Smart Foodservice Warehouse Store for $970M (rebranded to CHEF’STORE). Affluent one-mile average household income of $94,670. CHEF’STORE has 90+ locations nationwide and is in expansion mode. Located on a dense retail corridor just off the off-ramp of All American Freeway (51,000+ vehicles per day) and Morganton Road (33,500+ vehicles per day). Outparcel to Cross Creek Mall’s a 90 acre retail center, and surrounded by national tenants such as Lowe’s, Target, Walmart, Kohl’s, Home Depot, Chick-fil-A, Panda Express, Outback Steakhouse, Olive Garden, and many others.