For Sale
$6,666,574

9502 Mt Holly-Huntersville RdCharlotte, NC 28216

High-yield 7-Eleven, NNN lease, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a 7-Eleven gas station and car wash in Charlotte, NC. The property boasts a 3,648 square foot convenience store and a 1,199 square foot car wash tunnel, situated on a 1.35-acre lot. Built in 2001, the single-story building benefits from a highly visible location along major roadways, experiencing significant daily traffic volume exceeding 19,000 vehicles on W.T. Harris Blvd and 14,000 vehicles on Mt. Holly-Huntersville Rd, with proximity to I-485 (approximately 83,000 VPD). The absolute NNN lease, commencing January 22, 2018, and expiring February 28, 2037, includes two five-year renewal options, providing long-term stability and passive income. Rent increases by 10% every five years. The property enjoys a strong financial performance, with a Net Operating Income (NOI) of $383,328 and a 5.75% cap rate. The asking price is $6,666,574, translating to $1,827.46 per square foot. The affluent surrounding area, with an average household income exceeding $105,142 annually and approximately $1.6 billion in consumer spending, further enhances the investment's appeal. The tenant, 7-Eleven, has a proven operational history, averaging roughly 25,451 monthly customer visits. The location's strategic positioning near popular retailers like Food Lion, Popeyes, Dollar General, Target, Lowe's, and Northlake Mall, coupled with a high barrier to entry due to rural zoning on the neighboring corner, ensures sustained market dominance. The property is eligible for bonus depreciation.

Highlights

  • High-visibility location with over 19,000 VPD on W.T. Harris Blvd, 14,000 VPD on Mt. Holly-Huntersville Rd, and proximity to I-485 (83,000 VPD).
  • Long-term lease with over 12 years remaining and two 5-year options.
  • Absolute NNN lease structure offering passive income.
  • Located in an affluent submarket with average household income exceeding $105,142 and $1.6B in annual consumer spending.
  • Successful tenant operation since 2018, averaging 25,451 monthly customer visits.
  • Excellent proximity to major retailers including Food Lion, Target, and Lowe's.

Property Details for 9502 Mt Holly-Huntersville Rd

Property type
Retail properties, Gas stations
Square Feet
3,648 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.3202223
Longitude
-80.8875861
9502 Mt Holly-Huntersville Rd, Charlotte, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9502 Mt Holly-Huntersville Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message