AT&T AND DENNY’S INVESTMENTS | 8031 CONCORD MILLS BLVD., NORTH CAROLINA 28027

PROPERTY INFORMATION:

The property is an outparcel of Concord Mills Shopping Center which is one of North Carolina’s largest tourist attractions with over 200 stores, restaurants, entertainment, 26,000SF indoor aquarium. Near the Charlotte Motor Speedway and 10+ miles from uptown Charlotte. The mall is reported to have over 20 million visitors per year.

INVESTMENT HIGHLIGHTS

  • Cap rate: 7.6%
  • Annual Rent: $343,798 est
  • AT&T Rent: $193,270 Annually – Net Lease
  • AT&T Lease current thru 2024 with 5 year extension to June 30, 2029
  • Net Lease with a cap of $8.53 per sq. ft. of expenses reimbursement per year
  • Denny’s Lease: $150,528 est Annually – NNN Lease thru 2024
  • Denny’s Lease $168,500 est Annually 2024-2029
  • (2) five year options at $314,703 and $352,468 Annually
  • Rental Escalations: Yes
  • S&P Rating: BBB for AT&T

OFFERED AT: $4,495,000

Offering Memorandum
CALL 866-568-6638
CONTACT