Absolute NNN Entertainment Retail
For Sale
Contact for pricing
7970 Lyles Lane NW, Concord, NC 28027
Absolute NNN leased Chuck E Cheese’s property on Interstate 85 with a corporate-guaranteed 20-year lease.
Property SizeContact for details
Days on Market122
Property Features for 7970 Lyles Lane NW
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
106,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Walseth Investment Company
Listed By:
Michael Walseth · License #CA 01405081
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 1:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Walseth Investment Company
Investment Insights
Based on property information with market context.
SRS National Net Lease Group presents an absolute NNN leased Chuck E Cheese’s property. The investment features a corporate-guaranteed lease with CEC Entertainment, Inc, and includes a 20-year initial term followed by three 5-year option periods. Rental increases are structured at 10% every 5 years during the initial term and at the beginning of each option period. The lease is described as absolute NNN with zero landlord responsibilities.
The site is located along Interstate 85 (106,000 VPD), providing ease of access via a nearby on/off-ramp. The property also has visibility along a heavily trafficked interstate, and it sits within the primary retail corridor serving Concord and neighboring cities. Concord Mills Mall (1,334,000 SF) is located directly across the street.
CEC Entertainment, Inc. owns and operates approximately 590 stores, and the company is reported with annual revenues of approximately $825 million.
The site is located along Interstate 85 (106,000 VPD), providing ease of access via a nearby on/off-ramp. The property also has visibility along a heavily trafficked interstate, and it sits within the primary retail corridor serving Concord and neighboring cities. Concord Mills Mall (1,334,000 SF) is located directly across the street.
CEC Entertainment, Inc. owns and operates approximately 590 stores, and the company is reported with annual revenues of approximately $825 million.
Key Highlights
- Chuck E Cheese’s absolute NNN leased investment property in Concord, NC
- CEC Entertainment, Inc tenant to sign a brand new 20‑year lease at closing, with 3 (5‑year) options
- Lease includes 10% increases every 5 years during the initial term and at the start of each option period
Property Analytics
Current Use
Lease Details
106,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 28027, NC
76,478
Population
31,450
Households
2.4
Avg Household Size
36
Median Age
43%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
1,108
Density / Sq Mi
$89,101
Median Household Income
$48,976
Median Earnings
$1,433
Median Rent
$341,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN leased Chuck E Cheese’s property on Interstate 85 with a corporate-guaranteed 20-year lease.
Where is this nnn property located?
The property is located at 7970 Lyles Lane NW Concord, NC.
What are key features of this property?
This property features: Chuck E Cheese’s absolute NNN leased investment property in Concord, NC; CEC Entertainment, Inc tenant to sign a brand new 20‑year lease at closing, with 3 (5‑year) options; Lease includes 10% increases every 5 years during the initial term and at the start of each option period
