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JLL is pleased to exclusively offer the opportunity to acquire a single-tenant, corporately leased Badcock Home Furniture (the “Property”) in Gastonia, NC, the second largest suburb of the Charlotte MSA. This acquisition opportunity presents a near term upside with the ability to negotiate a long-term landlord favorable renewal given Badcock’s less than one and a half years of remaining term and significantly below market rents.
- Tenant commitment to the location with 34 years of tenure
- Limited landlord responsibilities
- Parking lot resealed in 2018
- Roof membrane replaced in 2018
- Significantly below market rents
- Great visibility along the highly-trafficked Andrew Jackson Hwy (23,500 VPD) in the midst of Gastonia’s major retail corridor