For Sale
$4,200,000

2915-2937 Gibbon RdCharlotte, NC 28269

High-Yield Retail & Industrial Complex

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized, multi-tenant property encompassing 22,342 square feet of combined retail and industrial space in Charlotte, North Carolina. The property consists of two single-story buildings, totaling 22,342 square feet, situated on a lot ranging from 0.46 to 0.92 acres. Currently boasting 100% occupancy with thirteen tenants, the property generates a strong Net Operating Income (NOI) of $328,213, representing a 7.81% cap rate. Pro-forma NOI is projected at $376,000, yielding an 8.95% cap rate. The property features 13 parking spaces and benefits from recent renovations completed in 2024. The retail component is strategically located in the thriving Sugar Creek area, offering high visibility and easy access to major transportation routes, including proximity to the I-85 and I-77 interchange and approximately 4 miles from Charlotte's central business district. The industrial building complements the retail space, adding to the property's diverse income stream. Annual rent bumps of 3-5% provide further upside potential. This Class C property is offered at $4,200,000, presenting a compelling investment opportunity in a rapidly developing area with significant infrastructure improvements. The property's location at the intersection of Gibbon Road and Nivens Road offers excellent repositioning potential. Detailed financial information and tenant lease details are available upon request.

Highlights

  • Prime location at the intersection of Gibbon and Nivens Roads.
  • Approximately 4 miles from Charlotte's CBD.
  • Significant road and infrastructure improvements in the area.
  • High-growth, up-and-coming neighborhood.
  • Excellent repositioning potential.
  • Convenient access to I-85 and I-77 interchange.

Property Details for 2915-2937 Gibbon Rd

Property type
Warehouses, Lifestyle centers
Square Feet
22,342 SF
Class
C
Year Renovated
2024
Buildings
2
Stories
1
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.3003865
Longitude
-80.8066754
2915-2937 Gibbon Rd, Charlotte, North Carolina

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2915-2937 Gibbon Rd
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