3673 Vandora Springs Rd
Fort Mill, SC 29708
NNN Christian Brothers Automotive - 6.25% Cap · Retail Property For Sale

Christian Brothers Automotive Tega Cay is a single-tenant, triple-net asset. Built in 2014, the investment contains 12 years remaining on the primary term of the NNN lease providing zero landlord responsibility. The lease is guaranteed by the corporation and includes one and one-half percent escalations every year beginning in year 3, with options up to 62 years. Christian Brothers Automotive Corporation is a national automotive service franchisor headquartered in Houston, Texas. Today, Christian Brothers Automotive has more than 164 locations across 27 states with approximately 30+ under development. They are a leading seller of full service automotive repair franchise locations dedicated to providing high quality service and professionalism, while maintaining the highest level of ethical standards. The company targets high growth, upper income markets with significant real estate appreciation potential. In addition, they choose the site for each franchise location, as well as construct the building and lease the premises to the franchisee. HIGH GROWTH/HIGH INCOME - The Charlotte combined statistical area has grown almost 20% since 2010, while Fort Mill, SC has grown 39% since 2010. Median household income in a 3-mile radius is $99,500. Located 19 miles south from Charlotte, North Carolina, Tega Cay/Fort Mill is a part of the greater Charlotte Metropolitan Area. Charlotte is the largest city in North Carolina, and 16th largest nation wide. The city is a major U.S. financial center with both Wells Fargo's East Coast operations and Bank of America headquartered there, as well as seven other Fortune 500 companies. Charlotte, North Carolina is the home to two major professional sports franchises, the Charlotte Hornets of the National Basketball Association (NBA) the Carolina Panthers of the National Football League (NFL).