For Sale
$3,608,000

1935 John Crosland Junior WayCharlotte, NC 28208

12,400 SF Restaurant Supply, 7+ Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a 12,400-square-foot retail building, currently operating as a restaurant supply business, located at 1935 John Crosland Junior Way in Charlotte, North Carolina. The property boasts a desirable Net Lease (NNN) structure with a single tenant and a substantial remaining lease term of 7.2 years, expiring February 1, 2032. The current annual rent generates a strong 6.00% capitalization rate, with a Net Operating Income (NOI) of $216,489. Built in 2007, the building features an 18-foot clear height, three roll-up doors including a drive-in dock door, and ample parking (2.64 spaces per 1,000 sq ft). The lease includes annual rent bumps of 2%, and a single 5-year renewal option. This high-profile infill location benefits from robust demographics within one of Charlotte's fastest-growing corridors, offering quick access to major transportation arteries like Highway 74 and I-85. Its proximity to Charlotte Douglas International Airport (3 miles) and Charlotte's central business district (4 miles) further enhances its appeal. The asking price is $3,608,000, translating to $290.97 per square foot. This is a prime opportunity for investors seeking a stable, long-term, and high-return investment in a thriving Charlotte market. The property is currently 100% occupied. No ground lease is in place.

Highlights

  • $3,608,000 asking price for this 12,400 SF retail property.
  • Net-leased restaurant supply building with a single tenant.
  • NNN lease with 7.2 years remaining, expiring February 1, 2032.
  • 6.00% cap rate with a $216,489 NOI.
  • 100% occupancy with 2% annual rent bumps.
  • Built in 2007, featuring 18' clear height, three roll-up doors, and a drive-in dock.

Property Details for 1935 John Crosland Junior Way

Property type
Retail properties
Square Feet
12,400 SF
Year Built
2007

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2233373
Longitude
-80.9020642
1935 John Crosland Junior Way, Charlotte, North Carolina

FAQs

What type of property is this?
Retail property - 12,400 SF Restaurant Supply, 7+ Years Remaining
Where is the retail property located?
The property is located at 1935 John Crosland Junior Way Charlotte, NC.
What is the asking price?
The asking price for this property is $3,608,000.
What are key features of this property?
This property features: $3,608,000 asking price for this 12,400 SF retail property.; Net-leased restaurant supply building with a single tenant.; NNN lease with 7.2 years remaining, expiring February 1, 2032.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1935 John Crosland Junior Way
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