For Sale
$5,463,000

5330 Statesville RdCharlotte, NC 28269

High-yield, NNN leased Circle K. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 2024-built Circle K convenience store and gas station located at a signalized intersection on Statesville Rd in Charlotte, NC. The property boasts a 15-year absolute NNN lease with a franchisee tenant, offering zero landlord responsibilities. The 5,200 square foot building sits on a 1.74-acre lot with 16 parking spaces. Rent increases are built in, with a 10% bump every five years. The lease has a remaining term of 15 years, expiring December 31, 2039, and includes five, five-year renewal options. The property generates a strong NOI of $336,000, resulting in a 6.15% cap rate. This location benefits from high traffic volume (22,500 vehicles per day on Statesville Rd), a dense industrial corridor, and a robust, affluent surrounding area with significant population growth (11.95% within a 5-mile radius and 33.08% within a 1-mile radius from 2010-2024). The average household income within 5 miles is $95,585. Proximity to major medical centers, Charlotte's CBD, UNC Charlotte, and Charlotte Douglas International Airport further enhances the property's value. Numerous nearby destination retailers provide additional traffic and consumer draw. This is a turnkey investment with significant long-term potential. The asking price is $5,463,000.

Highlights

  • Signalized corner lot at Statesville Rd & Lake Rd; 22,500 VPD.
  • 2024-built Circle K; absolute NNN lease.
  • 15-year lease with five, five-year renewal options; zero landlord responsibilities.
  • Experienced local operator with a proven track record.
  • Strong population growth: 11.95% within 5 miles, 33.08% within 1 mile (2010-2024).
  • 1.74-acre lot; 5,200 SF building; 16 parking spaces.

Property Details for 5330 Statesville Rd

Property type
Specialty properties, Retail properties
Square Feet
5,200 SF
Year Built
2024
Lot Size (sq. ft)
75,794 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.292596
Longitude
-80.837309
5330 Statesville 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].
5330 Statesville 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