For Sale
$1,500,000

0 Dutch Crk DrCharlotte, NC 28215

High-Yield NNN Ground Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a newly constructed (2024) Harris Teeter Fuel station in the Charlotte MSA, located on Dutch Crk Dr in Mecklenburg County, NC (zip code 28215). The property boasts a 0.957-acre lot and features 10 gas pumps. This is a single-tenant, absolute NNN ground lease with a corporate guarantee from Harris Teeter, offering significant financial stability. The lease term is 20 years with a remaining term of 20 years, and includes 10% rent bumps every 10 years throughout the base term. Six 5-year options are also included, with rent increases in each option period. The property's current NOI is $75,000, resulting in a 5.00% cap rate. The asking price is $1,500,000. Situated within the Farmington mixed-use center, the largest between Mint Hill and Concord, this property benefits from high visibility and strong traffic flow. The permitted zoning is PUD. This is a truly passive investment opportunity with exceptional long-term potential.

Highlights

  • Newly constructed (2024) Harris Teeter Fuel station in Charlotte, NC.
  • 0.957-acre lot with 10 gas pumps.
  • Absolute NNN ground lease with corporate guarantee from Harris Teeter; 20-year term, 20 years remaining.
  • 10% rent bumps every 10 years; six 5-year options with rent increases.
  • Current NOI: $75,000; 5.00% cap rate; Asking price: $1,500,000.

Property Details for 0 Dutch Crk Dr

Property type
Retail properties, Gas stations
Year Built
2024
Lot Size (sq. ft)
41,687 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2864746
Longitude
-80.6728907
Dutch Crk Dr, 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].
0 Dutch Crk Dr
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