Property Highlights
- Sale-Leaseback of a highly-successful restaurant located in vibrant downtown Belmont, an up-and-coming suburb of Charlotte, NC
- Restaurant building was extensively renovated and improved in 2016
- 10 Year Absolute NNN Lease | No Landlord Responsibilities
- Attractive 10% rent increase at the beginning of year 6 and each of the renewal options
- Subject property is located at the prominent corner of Main Street and Catawba Street in Historic Downtown Belmont
- Downtown Belmont is well known for local shopping and numerous dining options
- Venture X, a professional co-working and office space provider, announced the opening of new co-working space just around the corner from the subject property
- The 1-Mile Population has grown by 29% since 2010, with continued strong growth projected for the coming years
- Property is located in the heart of Belmont’s most prestigious neighborhoods with incomes that are well-above state and county averages