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9801 Independence Pointe Pky
Matthews, NC 28105 Matthews

$3,314,000 USD

Restaurant For Sale  •  5,880 SF

Property Details

• Property Type Restaurant
• Total Building Size 6,145 SF
• Lot Size 3.22 AC
• Building Class C
• Year Built 2012
• Cap Rate 7.01 %
• Tenancy Single
• Zoning B2CD

0 Transit Score

55 Walk Score

Highlights

LONG-TERM NNN LEASE – Red Lobster operates under a 25-year Absolute NNN lease with ±14.5 years remaining

STRUCTURED RENT GROWTH – The lease includes 2% annual rental increases starting in 2027, providing consistent NOI growth and hedge against inflation.

ESTABLISHED LOCATION – Red Lobster has operated at this location since 2014, demonstrating long-term success and tenant commitment

PRIME RETAIL LOCATION IN A HIGH-TRAFFIC CORRIDOR – The property is located along Independence Blvd (±57,000 VPD), near Loop 485 (±45,500 VPD)

SURROUNDED BY NATIONAL RETAILERS & MAJOR EMPLOYERS – The site benefits from strong consumer traffic, positioned near Costco, Target, Home Depot

RAPIDLY GROWING AND AFFLUENT TRADE AREA – The 5-mile radius population is ±176,212, with a projected 5.66% growth rate over the next five years

Cap Rate:

7.01 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Red Lobster		7/10/2034

Public Transportation

Airport	Drive	Walk	Distance
Charlotte/Douglas International	30 min	-	18.2 mi
Concord-Padgett Regional	35 min	-	22.8 mi