8641 South Blvd, Charlotte, NC 28273
5,441 SF | 100% Leased | Retail Building | Charlotte, NC 28273 | $3,708,000 ($681/SF) | 6.25% Cap Rate
Asking Price $3,708,000
- Property Type
-
Retail
- Square Feet
- 5,441 SF
- Price / Square Foot
- $681
Listing Contacts
- Property Info
Property Overview
- Attractive Lease Fundamentals | Rent Bump Soon
- Each lease is structured Nnn, providing minimal landlord responsibility
- 7-Eleven has a 10% rent bump coming in 2025, which will boost your annual return
- Strong Corporate Anchor Tenant
- The center is anchored by 7-Eleven
- 7-Eleven market cap of $37.18B
- Over 83,000 locations across the world
- Charlotte MSA Tailwinds
- Charlotte MSA has added more than 135K people form 2020 to 2023 making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
- Prime Charlotte Real Estate
- Located at the lighted intersection of Sharon Rd W (23.5K) and South Bv (33.5KVPD)
- Across the street from Sharon Rd West Light Rail Stop (Over 13M riders per year)
- Over 3.8K apartment units in a 1-mile radius
- Surrounded by Thousands of Workers
- Over 2.7MSF of industrial space located in a 1-mile radius
- Across the street from Campbell Snacks 700K SF distribution facility
- Re-Leasing Upside
- Kure vapor has minimal term remaining with 0 option periods, providing the next owner the ability to ‘mark-to-market’ (Market Leasing
- Assumption: Upper $20’s psf) the rent with a new tenant, renew Kure Vapor, or lease the excess space to 7-Eleven
- Each lease is structured Nnn, providing minimal landlord responsibility
- 7-Eleven has a 10% rent bump coming in 2025, which will boost your annual return
- Strong Corporate Anchor Tenant
- The center is anchored by 7-Eleven
- 7-Eleven market cap of $37.18B
- Over 83,000 locations across the world
- Charlotte MSA Tailwinds
- Charlotte MSA has added more than 135K people form 2020 to 2023 making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
- Prime Charlotte Real Estate
- Located at the lighted intersection of Sharon Rd W (23.5K) and South Bv (33.5KVPD)
- Across the street from Sharon Rd West Light Rail Stop (Over 13M riders per year)
- Over 3.8K apartment units in a 1-mile radius
- Surrounded by Thousands of Workers
- Over 2.7MSF of industrial space located in a 1-mile radius
- Across the street from Campbell Snacks 700K SF distribution facility
- Re-Leasing Upside
- Kure vapor has minimal term remaining with 0 option periods, providing the next owner the ability to ‘mark-to-market’ (Market Leasing
- Assumption: Upper $20’s psf) the rent with a new tenant, renew Kure Vapor, or lease the excess space to 7-Eleven
Property Details
- Class
- C
- Year Built/Renovated
- 1990/2015
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store, Freestanding, Storefront
- Lot Size (sq. ft)
- 42,253 SF
Highlights
- High Growth Charlotte, NC
- Attractive Lease Fundamentals | Rent Bump Soon
- Re-Leasing Upside
Nearby Properties
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