10700 Reames Road
Charlotte, NC
Price:
$3894000
Cap Rate:
5.00%
NOI:
$194,000
Building Size:
Approx. 3484 Sq. Ft.
Lot Size:
Approx. 1.27 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
1997
Investment Overview
- 3,484+/- SF Building on 1.27+/- Acre Site
- 15-Yr Corp NNN Lease, w/ 11+ Yrs remaining & 10% Rent Bumps Every 5 Yrs
- Located along Reames Rd & WWT Harris Blvd (37,000 VPD), just E of I-77 (132,000 VPD)
- Near Target, Best Buy, Office Max, Lowe’s, REI, Advance Auto, Jiffy lube, Starbuck’s, & Arby’s
- University Research Park (27,000+ Empl.) | UNC Charlotte (23,571+ Empl.) | Carolinas Medical (1,375+ Empl.)
- 3-Mile Radius: Est 1,586 Busi with 22,620 Empl | 13.5-Miles S of Charlotte Douglas International Airport
- 4 Miles E of Northlake Mall (1,071,000 SF | 7-Miles NW of Shoppes at University Place (142,000 SF)
- 3-Mile population has grown 5.8% 2000 – 2015 | 3-Mile Average Household Income: $70,029
- Charlotte – Concord – Gastonia: 2nd Largest City in the Southeast | Population: 2,389,763