9801 Independence Pointe Pky | Matthews, NC 28105
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9801 Independence Pointe Pky
Matthews, NC 28105
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG-TERM NNN LEASE – Red Lobster operates under a 25-year Absolute NNN lease with ±14.5 years remaining
- ESTABLISHED LOCATION – Red Lobster has operated at this location since 2014, demonstrating long-term success and tenant commitment
- SURROUNDED BY NATIONAL RETAILERS & MAJOR EMPLOYERS – The site benefits from strong consumer traffic, positioned near Costco, Target, Home Depot
- STRUCTURED RENT GROWTH – The lease includes 2% annual rental increases starting in 2027, providing consistent NOI growth and hedge against inflation.
- PRIME RETAIL LOCATION IN A HIGH-TRAFFIC CORRIDOR – The property is located along Independence Blvd (±57,000 VPD), near Loop 485 (±45,500 VPD)
- RAPIDLY GROWING AND AFFLUENT TRADE AREA – The 5-mile radius population is ±176,212, with a projected 5.66% growth rate over the next five years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Property Size
6,145 sq ft
Costar Property Class
C
Year Built
2012
Tenancy
Single
Number of Floors
1
Plot ratio
0.04
Total Plot Size
3.22 ac
Use Class
B2CD - Business Commercial District
Parking
119 Spaces (19.37 Spaces per 1,000 sq ft Leased)
Frontage
449 ft on East Independence Bouleva
PROPERTY TAXES
| Parcel Number | 193-231-23 | Improvements Assessment | £788,605 |
| Land Assessment | £2,535,184 | Total Assessment | £3,323,789 |
PROPERTY TAXES
Parcel Number
193-231-23
Land Assessment
£2,535,184
Improvements Assessment
£788,605
Total Assessment
£3,323,789
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