For Sale
$7,900,000

3508 Robinson CirGastonia, NC 28056

High-yield retail property with ample parking.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Gastonia, NC retail property, located at 3508-3510 Robinson Cir, presents a compelling investment opportunity. The 1,800 square foot building, constructed in 1977, sits on a substantial lot ranging from 2.73 to 6.08 acres and is zoned I2 (Hi - Heavy Industrial). Currently leased for $424,000 annually (net-net) with a 2% annual escalation clause, the tenant has three years remaining on a five-year lease. The asking price is $7,900,000, translating to $4,388.89 per square foot. The property boasts significant advantages including ample outside storage and truck parking, a highly desirable feature for many businesses. Its location within an Opportunity Zone offers potential tax advantages for investors. A unique benefit is the inclusion of a grandfathered unlimited car auto deal sales license. Furthermore, recent appraisal, survey, and environmental reports are readily available for due diligence. This property offers a strong combination of income generation, location benefits, and unique features, making it an attractive investment prospect in the thriving Gastonia market. The single-story building provides efficient use of space and easy accessibility. The substantial lot size allows for future expansion or development possibilities.

Highlights

  • Ample outside storage and truck parking.
  • Located in a designated Opportunity Zone.
  • Possesses a grandfathered unlimited car auto dealer sales license.
  • Five-year lease with three years remaining; $424,000 annual net rent with 2% annual escalation.
  • Recent appraisal, survey, and environmental reports available upon request.

Property Details for 3508 Robinson Cir

Property type
Retail properties
Square Feet
1,800 SF
Year Built
1977
Stories
1
Lot Size (sq. ft)
118,919 SF

Location Insight

City
Gastonia
County
Gaston
State
North Carolina
Latitude
35.2010308
Longitude
-81.1666303
3508 Robinson Cir, Gastonia, North Carolina

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3508 Robinson Cir
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