Trophy NN Property: Wake Forest, NC: 6.05% Starbucks : Chipotle : Verizon : Freddy’s : Mattress Warehouse : Firehouse Subs : Noire Nail Bar : Marco’s Pizza
PRICE: ...... $11,972,297 RENTABLE SF: ...... 20,500 ANNUAL RENT: ...... $724,324 LOT SIZE: ...... 3.29 ACRES CAP: ...... 6.05% YEAR BUILT: ...... 2018
10-YEAR LEASES 1100 Kenilworth Ave Click for Map Suite 210 Charlotte, NC 28204
John Lambert, CCIM [email protected] 704.927.9226 11722 Retail Drive Wake Forest, NC 27587
1100 Kenilworth Ave John Lambert, CCIM Suite 210 [email protected] Charlotte, NC 28204 704.927.9226 2 SURVEILLANCE
Full time video surveillance is accessible to Buyer and paid via CAM charges. 3 SITE PLAN AERIAL
4 OVERVIEW
STARBUCKS OVERVIEW
Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. There are 23,768 Starbucks stores in 72 countries, including 13,107 in the United States.
Starbucks locations serve hot and cold beverages, whole-bean coffee, micro-ground instant coffee, full-leaf teas, pastries and snacks. Most stores also sell packaged food items, hot and cold sandwiches, and items such as mugs and tumblers. Many of the company’s products are seasonal or specific to the locality of the store, while Starbucks brand ice cream and coffee are also offered at grocery stores. Through Starbucks Entertainment division and Hear Music brand, the company also markets books, music, and films.
Starbucks Corp had annual revenues of $21.32 billion, a net income of $2.82 billion, and a net worth of $5.88 billion. The company currently has an S&P rating of A/ Stable.
CHIPOTLE OVERVIEW
Chipotle Mexican Grill, Inc was founded in 1993 and is based in Denver, CO. Chipotle uses high quality raw ingredients, classic cooking methods, and a distinctive inte- rior design that makes it a proven leader in the category. Chipotle does not franchise its business, considering ownership retention central to their ability to create a positive brand culture, as well as maintain its commitment to sustainable ingredients. Chipotle’s total revenue is approximately $3.9B.
VERIZON OVERVIEW
Verizon Wireless is a wireless communications company that connects people and businesses with the most advanced wireless technology and service available. As the nation’s largest wireless company, they serve 105.2 million retail connections and operate more than 1,700 retail locations in the US.
FREDDY’S OVERVIEW
Freddy’s is an American quick-service restaurant chain based in Wichita Kansas. Freddy’s was founded by restaurateur Scott Redler and two brothers Bill and Randy Simon. The Freddy’s savory steakburger is inspired by the 50’s style staple and reminiscent of an era focused on quality, cooked-to-order meals that bring families and loved ones together. Recently Freddy’s was recognized by Technomics as the 5th fastest growing burger concept in the County.
Wildcat Steakburgers, LLC (Franchisee) currently operates 26 restaurants, and projecting to manage $59M in 2018.
MATTRESS WAREHOUSE OVERVIEW
Founded in 1989, Mattress Warehouse opened its first store in Frederick, MD. Today, the company has over 240 convenient Mattress Warehouse store locations, and continues to grow. Mattress Warehouse carries the largest selection of quality name brand bedding- Serta, Sealy, Stearns and Foster, Tempur-Pedic, Kingsdown, Aire- 6 loom, and more. The company also offers a Price Match Guarantee. They carry a wide selection of sleep products including pillows, sheets, mattress protectors, bed frames, and platform beds.
Mattress Warehouse is privately owned, with over 240 locations. Mattress Warehouse is the #1 independently owner American retailer with stores through the mid-Atlantic region. www.SleepHappens.com
FIREHOUSE SUBS OVERVIEW
Firehouse Subs is a private company with over 1,105 franchise restaurants in 44 states. Founded in 1994 by former firefighter brothers Robin and Chris Sorenson, Fire- house Subs serves sandwiches with meats and cheeses, steamed hot and placed on a toasted sub roll. Locations offer a family oriented atmosphere with a firefighter theme throughout the store. Firehouse Subs was ranked No. 1 by Technomics Chain Restaurant Consumer Choice Awards in the categories of overall brand (2017). Forbes recognized Firehouse Subs in 2015 as a Best Franchise to buy. FH Wake Forest, LLC DBA as Firehouse Subs is a single unit franchisee with an expansion plan of 4 more stores in the Raleigh submarket.
NOIRE THE NAIL BAR OVERVIEW
Khiem Le started Noire in Knoxville, Tennessee. He is originally from Vietnam where he accepted a full ride scholarship from Union University in Los Angeles, California to study music. He has been in the nail salon business for over 20 years, opening over 100 salons and spas through the Southeast.
Noire The Nail Bar caters to a high end clientele, and they use the highest quality interior finishes. Noire’s services include manicures, pedicures, eyelash extensions, facials, and body waxing.
MARCO’S PIZZA OVERVIEW
Marco’s Pizza is headquartered in Toledo, Ohio and was founded in 1978. Marco’s Pizza is committed to making Authentic Italian Pizza with fresh ingredients. Over the past 40 years, the franchise has grown from its roots as a beloved Ohio brand to operating more than 900 stores in 34 states. Joseph Russo is the Guarantor and is a multi-unit franchisee with 8 existing Marcos locations.
7 12 WAKE FOREST AREA HIGHLIGHTS
REGIONAL MAP LOCATION MAP
Driving Distances Destination Time Downtown Raleigh 30 min Richmond, VA 2 hrs, 12 min Charlotte, NC 2 hrs, 45 min Washington, DC 3 hrs, 55 min Atlanta, GA 6 hrs, 15 min
ABOUT WAKE FOREST, NC
The town of Wake Forest, North Carolina is conveniently located in the northern portion of the flourishing Research Triangle region. It is a community of dynamic and forward thinking as it is rich in history and southern charm. This unique and desirable combination has led to remarkable growth and affluence.
Eighteen miles from Raleigh, Wake Forest enjoys a highly educated workforce. NC State University, UNC Chapel Hill, and Duke University combine to conduct almost $2.5 Billion in research every year. Over 175,000 students are enrolled at these and other area colleges.
13 JOHN LAMBERT, CCIM [email protected] 704-927-9226
Moseley Real Estate Advisors and their respective officers and employees do not make any representation or warranty, expressed or implied, as to the accuracy or completeness of this package or any of its contents, and no legal commitments or obligations shall arise by reason of this package or its contents.