Investors Get Busy with Net-Lease Deals

One more thing investors are hot for in Charlotte: net-lease properties. Franklin Street Real Estate Services director Bryan Belk tells us that recently he repped both the buyer and the seller of a Dunkin' Donuts-leased property in downtown Charlotte, receiving a dozen offers in 48 hours for the property at 701 S Kings Dr across from Presbyterian Hospital, which still has 10 years to run on a 20-year lease. There was that much interest despite the property’s 5.5% cap rate, which he says is the lowest he’s seen for a Dunkin' Donuts property.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Starbucks Spending $1B To Turn Cafés Into Community Lounges

Thor Equities Reacquires Retail Portion Of Palmer House After Losing It To Foreclosure In 2023

Lululemon Cuts U.S. Expansion Plans, New CEO Takes Helm At Athleisure Staple

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

Retailers Charging Ahead With EV Stations Despite Policy Pullback