8641 South BlvdCharlotte, NC 28273

Property Details for 8641 South Blvd

Year built

2015

Lot size

0.98 AC

Property size (Sq ft)

5,441 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment opportunity presents a fee-simple ownership of a 5,441 square foot, Class A retail center in Charlotte, NC. Anchored by a high-performing 7-Eleven franchisee with a corporate guarantee, the property boasts 100% occupancy with two tenants: 7-Eleven and Kure Vapor. Built in 2015, the property sits on a 0.98-acre lot and features a strong net operating income (NOI) of $248,599, translating to a 7.20% cap rate. The investment benefits from a multi-tenant structure with a 4 x 5-year lease option and attractive lease fundamentals, including a 10% rent bump every five years, starting in 2025. The property's prime location at the lighted intersection of Sharon Rd W and South Blvd, across from a light rail stop and near significant residential and industrial development, ensures consistent high traffic and strong tenant demand. The current lease with Kure Vapor offers a re-leasing upside potential for the next owner, given its minimal remaining term and the possibility of leasing the space at market rates (estimated in the upper $20s per square foot). This offering presents a compelling opportunity to acquire a well-positioned, high-performing retail asset in a rapidly growing market. The property's strong tenant mix, favorable lease terms, and strategic location combine to create a robust and stable investment with significant long-term growth potential. The Charlotte MSA's robust population and job growth projections further enhance the investment's appeal.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1196

Longitude

-80.8808

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