5221 South Boulevard
Charlotte, NC
Price:
$867000
Cap Rate:
6.00%
NOI:
$52,000
Building Size:
Approx. 1628 Sq. Ft.
Lot Size:
Approx. 1.02 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2015
Investment Overview
- 1,628+/- SF Building on 1.02+/- Acre Site
- 10-Year Corp Ground Lease, Absolute NNN w/ 10% Rent Bumps Every 5-Yrs
- Located along South Blvd (22,000 Cars / Day), just W of South Blvd is Interstate 77 (153,000 Cars / Day)
- Near Costco, Ross, Pet Smart, Family Dollar, Wells Fargo, Advance Auto, Dunkin Donuts, Aldi, & Chili’s
- 2-Mile South of New Apartment Units (5,000) in Various Stages of Construction and Development
- 8 Miles W of Southpark Mall (1,621,000 SF) | 8-Miles S from Uptown Charlotte (25 Million Visitors/Year)
- 3-Mile Radius: Est 6,777 Busi with 98,940 Empl | 7.5-Miles E of Charlotte Douglas International Airport
- 5-Mile 2015 Estimated population: 201,291 | 5-Mile Average Household Income: $99,559
- Charlotte – Concord – Gastonia: 2nd Largest City in the Southeast | Population: 2,389,763