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Grocery Store

US Foods CHEF'STORE - 15 Yr Lease

511 Cross Creek St, Fayetteville, NC 28303

Listing Price: $7,888,000

Cap Rate
6.15%
Tenant Name
US FOODS, INC.
Years Remaining On Lease
14.9
Gross SF
20,004
Guarantor
Corporate Guarantee
Rentable SF
20,004
Price/Gross SF
$394.32
Lease Type
Double Net
Rent Per Square Feet
$24.25

Investment Overview

US Foods CHEF’STORE offers a customer-centric, warehouse-format shopping experience for wholesale food and restaurant supplies at competitive prices. Designed as a one-stop-shop for restaurant operators and food service professionals, CHEF’STORE is also an option for non-profit organizations and the public, with no membership required.

Fayetteville, located in North Carolina's Cumberland County, has a population of more than 200,000 residents. The city is located in the Sandhills in the western part of the Coastal Plain region, on the Cape Fear River. Fayetteville is familiar to many as the home of the U.S. Army's most populous military installation, Fort Bragg. The area around Fayetteville has a large and growing defense industry, with eight out of the ten top American defense contractors located within commuting distance as well as many supporting technology and service businesses populating the area.

Investment Highlights

  • New 15-Year Lease with Corporate Guaranty by US Foods, Inc. (NYSE:USFD) and 20 Year Roof Warranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 153,713 Residents Within a Five-Mile Radius - Dense Fayetteville Infill
  • US Foods has 90 CHEF'STORE Locations in 13 States
  • Outparcel to Cross Creek Mall, Anchored by Belk, Macy's and JCPenney
  • Situated Immediately Off All American Freeway (51,000 Cars per Day)
  • Dense Retail Corridor Location Surrounded by National Tenants: Target, Walmart, Sam's Club, Lowe's, AMC Theater, and More
  • Within a 15-Minute Drive of Downtown Fayetteville and Fayetteville State University

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Grocery Store

US Foods CHEF'STORE - 15 Yr Lease

Listing Price: $7,888,000

Cap Rate
6.15%
Tenant Name
US FOODS, INC.
Years Remaining On Lease
14.9
Gross SF
20,004
Guarantor
Corporate Guarantee
Rentable SF
20,004
Price/Gross SF
$394.32
Lease Type
Double Net
Rent Per Square Feet
$24.25

Investment Highlights

  • New 15-Year Lease with Corporate Guaranty by US Foods, Inc. (NYSE:USFD) and 20 Year Roof Warranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 153,713 Residents Within a Five-Mile Radius - Dense Fayetteville Infill
  • US Foods has 90 CHEF'STORE Locations in 13 States
  • Outparcel to Cross Creek Mall, Anchored by Belk, Macy's and JCPenney
  • Situated Immediately Off All American Freeway (51,000 Cars per Day)
  • Dense Retail Corridor Location Surrounded by National Tenants: Target, Walmart, Sam's Club, Lowe's, AMC Theater, and More
  • Within a 15-Minute Drive of Downtown Fayetteville and Fayetteville State University

Investment Overview

US Foods CHEF’STORE offers a customer-centric, warehouse-format shopping experience for wholesale food and restaurant supplies at competitive prices. Designed as a one-stop-shop for restaurant operators and food service professionals, CHEF’STORE is also an option for non-profit organizations and the public, with no membership required. Fayetteville, located in North Carolina's Cumberland County, has a population of more than 200,000 residents. The city is located in the Sandhills in the western part of the Coastal Plain region, on the Cape Fear River. Fayetteville is familiar to many as the home of the U.S. Army's most populous military installation, Fort Bragg. The area around Fayetteville has a large and growing defense industry, with eight out of the ten top American defense contractors located within commuting distance as well as many supporting technology and service businesses populating the area.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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