McDonalds Exxon Grandfather Mountain is a stabilized asset located in a high barrier to entry submarket surrounded by affluent mountain retreat communities. Carolina Capital (CC) purchased the property in November 2018.
CC’s investment objective was to a acquire a unique quick service restaurant ground lease, and gas station ground lease with stabile cash flow at an attractive basis. The property is located at a strategic intersection that connects Linville, Grandfather Mountain, Sugar Mountain, and Banner Elk.
CC plans to hold the property as part of their stabilized income portfolio.