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INVESTMENT HIGHLIGHTS
NEW CONSTRUCTION – LONG TERM LEASES: Aspen Dental has 10+ years remaining on their Double Net (NN) Lease with three (3), 5-year renewal options. Five Guys has 10+ years remaining on their Double Net (NN) Lease with three (3), 5-year renewal options.
ATTRACTIVE RENT INCREASES: Aspen Dental’s lease feature attractive 10% rent increases every five years throughout the primary lease terms and at the start of each renewal option. Five Guys’ lease calls for a 10% rent increase after year 6 of the primary lease term and at the start of each of their renewal options providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: The new construction Property is seconds from the junction of US Highway 70 and US Route 13, the area’s primary commercial and commuter corridors. The Property is surrounded by national retailers and restaurants, enjoys proximity to area public schools and is within 2.5-miles of Seymour Johnson Air Force Base, 3.5-miles of UNC Health Wayne (Hospital & Medical Center), and 3.8-miles of Wayne Community College. Additionally, the Property is 3.5-miles from Interstate 42 and 4.9-miles from Interstate 795.
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