Proposal For Famous Dave's Property

Seller to lease back 4800 SF in Famous Dave's space for a five-year term at the time of sale. Seller to lease at a rate of $34 a square foot plus cam. Moe's is on its 5th year on an eight-year lease and has a renewal option of five years. Under the proposed terms, the property's Proforma NOI is $260,105. Listing this property with a 5% CAP rate, the proposed listing price would be $5,202,099. The announcement of Carowinds staying open year-round can potentially increase tenants' sales.

Carowinds is an amusement park located in Charlotte, North Carolina, and Fort Mill South Carolina, United States. The park was opened in 1973 and is spread over 400 acres. The park features a variety of rides and attractions for visitors of all ages, including roller coasters, water rides, and family-friendly attractions. Carowinds also offers live entertainment, food and beverage options, and shopping. The park is open seasonally and popular for families and thrill-seekers. Some of the most popular attractions at Carowinds include Fury 325, the tallest and fastest roller coaster in the Southeast, and Carolina Harbor, a 20-acre water park. Additionally, the park also offers a variety of special events and seasonal activities, such as Halloween and Christmas celebrations. Carowinds is now open year around.