910 Wendover Rd, Charlotte, NC 28211

This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2023), 4,504 square foot Chick-fil-A restaurant in Charlotte, NC. Located at 910 N Wendover Rd, this Class A property boasts a 15-year ground lease with a corporate guarantee from Chick-fil-A, providing significant security and long-term income potential. The lease commenced December 31, 2023, and includes 8 five-year renewal options, with rent bumps of 10% every five years during the initial term and 8% increases in each option period. The property sits on a 1.1-acre lot and features a double-drive-thru design, a key element in maximizing efficiency and sales. The strong demographics of the area are undeniable, with an average household income exceeding $110,000 within a one-mile radius and over 10,000 residents in close proximity. The location is part of a recently renovated, grocery-anchored shopping center on a major thoroughfare, surrounded by other national retailers including The Home Depot, McDonald's, and 7-Eleven. Charlotte's robust economic growth, projected at 8.16% over five years, further enhances the investment's appeal. The current Net Operating Income (NOI) is $115,000, representing a 4.00% capitalization rate on the asking price of $2,875,000. This is a rare opportunity to acquire a high-performing asset in a prime location within one of the nation's fastest-growing metropolitan areas. The property's 100% occupancy and strong tenant history make this a compelling investment for discerning buyers.