For Sale
$2,686,771

2932 Mt Holly-Huntersville RdCharlotte, NC 28214

High-return 7-Eleven, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station located at 2932 Mt. Holly-Huntersville Rd, Charlotte, NC 28214. The property boasts 2,406 square feet on a 0.86-acre lot, built in 1979 and renovated in 2012. It features a 100% occupancy rate under an absolute NNN lease with 7-Eleven, a globally recognized brand with an S&P rating of AA-. The current lease, commenced February 5, 2012, has a remaining term of approximately 2.3 years, followed by four 5-year options. Rent increases by 10% every 5 years. The property generates a strong NOI of $170,610, resulting in a 6.35% cap rate and a price per square foot of $1,116.70. The asking price is $2,686,771. The location benefits from high traffic counts exceeding 30,500 vehicles daily, excellent visibility, and proximity to numerous amenities including major employers, colleges (Gaston College, Belmont Abbey College, Central Piedmont Community College), and a large regional medical center (CaroMont Regional Medical Center). Several apartment complexes are also nearby, contributing to a strong customer base. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving market.

Highlights

  • 7-Eleven corporate guarantee, S&P credit rating AA-.
  • 7-Eleven located at 2932 Mt. Holly-Huntersville Rd, Charlotte, NC, in a high-population area (metro area population 2,660,329).
  • Average household income exceeding $108,000 within a 1-mile radius.
  • Absolute NNN lease; no landlord responsibilities.
  • High-traffic location; over 30,500 vehicles per day at a signalized intersection.
  • Excellent access and visibility.

Property Details for 2932 Mt Holly-Huntersville Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,406 SF
Year Built/Renovated
1979/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.3203407
Longitude
-80.9524683
2932 Mt Holly-Huntersville Rd, Charlotte, North Carolina

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2932 Mt Holly-Huntersville Rd
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