Investment Overview
Trinity Partners, on behalf of the Owner, is pleased to serve as the exclusive advisor for the sale of University Place Shops in Charlotte, NC, a ±4,998 square foot freestanding retail property leased to Noodles & Company and Mezeh on a triple-net basis with an average of over eight years of remaining lease term.
*TO RECEIVE A FULL OFFERING MEMORANDUM, PLEASE COMPLETE THE CONFIDENTIALITY AGREEMENT UNDER DOCUMENTS TAB AND RETURN TO MARK ALVIANO AT MALVIANO@TRINITY-PARTNERS.COM
Investment Highlights
- Net Operating Income: $220,075
- Size: 4,998 SF
- Occupancy: 100%
- Tenants: Noodles & Company, Mezeh Mediterranean Grill
- Weighted Avg. Lease Term: +8.25 years
- Rent Growth: 10% every 5 years
- Expense Recovery: NNN (Landlord roof and structure)