7404 Matthews-Mint Hill Rd | Mint Hill, NC 28227
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7404 Matthews-Mint Hill Rd
Mint Hill, NC 28227
Chick-fil-A · Retail Property For Sale
Investment Highlights
- Truly Passive Income - Absolute NNN Ground Lease, with no Landlord responsibilities, to investment grade tenant
- Signalized Hard Corner - Exposure to over 20,000 VPD | Ease of Access from Matthews-Mint Hill Road & Cresthill Dr
- Rare Long Lease Term - 20-year ground lease with eight, 5-year options, allowing Chick-Fil-A to occupy the premises through 2081
- Huge Parcel - 3.05 acre parcel provides Chick-Fil-A with adequate parking, traffic flow and the ability to expand if the need arises
- Brand New Construction with Double Drive - Thru - Chick-Fil-A’s most recent building and drive-thru design eases traffic and increases consumer demand
- Significant Rental Increases - 15% base rent increase during initial term at year 16 | 10% each renewal option thereafter
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,857 SF
Year Built
2021
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
2.45 AC
Zoning
R
Parking
30 Spaces (6.17 Spaces per 1,000 SF Leased)
Frontage
242 ft on Matthews-Mint Hill Road
PROPERTY TAXES
| Parcel Number | 197-012-08 | Improvements Assessment | £1,240,482 |
| Land Assessment | £886,379 | Total Assessment | £2,126,860 |
PROPERTY TAXES
Parcel Number
197-012-08
Land Assessment
£886,379
Improvements Assessment
£1,240,482
Total Assessment
£2,126,860
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