1250 Lucky Penny StCharlotte, NC 28208

Property Details for 1250 Lucky Penny St

Year built

2023

Property size (Sq ft)

4,181 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a brand-new, 4,181 square foot Circle K convenience store and gas station located at 1250 Lucky Penny St, Charlotte, NC 28208. Built in 2023, this property boasts a 15-year absolute NNN lease with a franchisee tenant, offering significant long-term stability and minimal landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent growth in income. The property enjoys a prime location directly off I-85 via Exit 34, benefiting from high visibility and significant daily vehicle traffic (117,000 VPD). With a 6.15% cap rate and a strong NOI of $336,000, this asset represents a compelling addition to any portfolio. The property features 16 parking spaces and is situated within a dense retail and industrial corridor, surrounded by major employers, healthcare facilities, and a large student population. The surrounding area exhibits robust population growth and a high average household income, further solidifying the investment's potential. This is a sale for leaseback transaction. The current lease expires on December 31, 2039, with options for 5-year lease extensions.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2502

Longitude

-80.8971

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].