3730 Brookshire BlvdCharlotte, NC 28216

Property Details for 3730 Brookshire Blvd

Year built

1977

Lot size

0.89 AC

Property size (Sq ft)

3,864 SF

Zone code

B-1

Property type

Retail space

APN

3901413

APU

3901413

Description

This exceptional investment opportunity presents a 3,900 square foot freestanding brick storefront building situated on a prominent 0.9-acre corner lot in Charlotte, North Carolina. Located at the intersection of I-85 and Brookshire Boulevard (NC 16 Hwy), this property boasts unparalleled visibility and accessibility. Built in 1977 and renovated in 2018 and 2020, the building is classified as Class B and features a drive-thru, ample parking, and a single tenant currently occupying the space at 100% occupancy under a NNN lease with approximately 2 years remaining. The lease terms are negotiable. The property is zoned B-1, allowing for a variety of retail uses. Previously utilized as a pawnshop and sweepstakes business, this versatile space offers significant potential for future development. The asking price is $1,750,000, representing a 6.00% cap rate. This location offers convenient access to the Charlotte Central Business District and I-77, making it an ideal investment for discerning buyers seeking a high-return property in a thriving market. The property's parcel number is 039-014-13. The total building square footage is 4,272 square feet. This is a corporate ownership opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,327,188

  6.5%

  $1,225,096

  7%

  $1,137,589

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,648,911

  Geo Method

  $1,648,911

• Alternative Use

  Use

  Valuation

  Residential

  $1,033,414

  Hospitality

  $946,602

  Educational

  $787,562

  Medical

  $814,647

  Retail

  $1,225,096

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2632

Longitude

-80.879

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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